AOL To Cut 2,000 Jobs
Monday, October 15th 2007, 10:42 am
By: News On 6
NEW YORK (AP) _ AOL is reducing its global work force by 2,000 employees, or 20 percent, as it continues a transition from Internet access provider to online advertising company.
The reduction comes on top of 5,000 positions cut last fall following the August 2006 announcement that AOL would begin giving away AOL.com e-mail accounts, software and other features once reserved for paying subscribers to boost traffic to ad-supported Web sites.
The cuts announced Monday include about 1,200 in the United States, including 750 in northern Virginia, which has long been AOL's headquarters. AOL, a unit of Time Warner Inc., recently announced it was moving its headquarters to New York to be closer to the media advertising industry.