- Tuesday, 9 February 2010
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You can't run a $30 billion company on games - Bob Colwell, former Intel architect
AOL will shed a third of its staff
INTERNET PROVIDER AOL is set to cut about 2,500 jobs as part of its divorce proceedings from Time-Warner that were announced earlier this year.
The company revealed that it will be shedding around a third of its workforce as part of a bid to trim about $300 million off its annual payroll costs.
AOL reckons the restructuring will cost it about $200 million and will coincide with the official separation of the business set for 9 December, just in time for Christmas.
Workers in the US will be the first to go, but cuts will be made across all of AOL's business. This is the second set of cuts by AOL this year, after the company let approximately 700 people go in January.
Layoffs will begin as a volunteer buyout program running from 4 to 11 December, moving on to involuntary redundancies if too few workers opt to leave quietly.
In a bid to show a bit of solidarity with his departing co-workers, AOL chief executive Time Armstrong won't be taking his 2009 annual bonus this year. No doubt those fired just before Christmas will appreciate that. µ
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"Welcome!"
"You've got no job!"
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keep it up
I would like to thank America-Off-Line management for doing their part in contributing to the rise in the UnEmployment rate for 2009 and into 2010. Oh, and just in time for the holiday season too.
Gee, what would we do without these pathetic corporate butt-holes. It's just business. Nothing personal. RIGHT?!! }:p
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i dont have sympathy for anyone who works for aol.
aol marketing is very aggressive and their programs are full of bloatware. they treat customers like they dont know the first thing about computers - patronising gits!
Sorry to hear about the job losses - it's awful - at least he's being honest with the situation and isn’t taking his ‘massive’ bonus. However 'voluntary layoffs' isn’t that the most cowardly way of firing people...?
For all of the guys waiting for the boot I really feel for you and I would suggest that you make sure you keep refreshing your skills and knowledge whilst looking for another job. IT Manager III: Unseen Forces is a simulation game that reflects your job and can help you boost your existing IT skills.
And the Inq. needs to shed Nick Farrell.
CompuServe, Netscape and The Source are also all predicting a dismal 2010...