AOL to lay off up to 1,200 workers to reach target

Jan 11, 2010

(AP) -- The struggling Internet company AOL will lay off up to 1,200 workers because it didn't get enough volunteers to accept buyouts.

AOL spokeswoman Tricia Primrose said Monday that only 1,100 volunteered to leave. That means it would need to shed up to 1,200 positions to reach its previously announced reduction target of up to 2,300, or about a third of its work force.

Primrose says AOL is laying off some employees in the U.S. on Monday, though most will occur on Wednesday. She also says that the company started laying off employees in its European offices on Monday, too.

AOL said in November it would take $200 million in charges for severance and restructuring-related costs.

The cuts come as separated from Inc. last month.

Explore further: EU Parliament votes to break up Google

not rated yet
add to favorites email to friend print save as pdf

Related Stories

AOL offers buyouts to over a third of work force

Nov 19, 2009

(AP) -- The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.

AOL finally regains independence from Time Warner

Dec 10, 2009

(AP) -- AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of the most disastrous business combinations in history.

Time Warner buys back AOL stake from Google

Jul 28, 2009

(AP) -- Time Warner Inc. bought back Google Inc.'s 5 percent stake in struggling Internet company AOL LLC for $283 million, according to a regulatory filing by AOL on Monday.

Recommended for you

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.