Layoffs began Monday at AOL Inc. The internet company offered a voluntary buyout to employees in December with a goal of terminating a third of its staff which amounted to around 2,300 jobs. However, AOL was unsuccessful at shedding the 2,300 jobs, and began involuntarily terminating positions Monday. Those who took the buyout were given three [...]
Continue reading...Thursday, November 19, 2009
America Online, better known to most as AOL, is preparing to sever the ties that bind, dissolving a 2001 merger with Time Warner. The company has asked volunteers to leave their jobs as it seeks to cut almost one third of its staff. If, as seems likely, no enough people are willing to [...]
Continue reading...Sunday, June 7, 2009
Fox Interactive Media, home of popular social networking website MySpace, will cut jobs and cancel its move into swankier West Los Angeles offices. Fox head Rupert Murdoch has brought on a former AOL CEO to overhaul MySpace, and canned two of the site’s founders. The firm is reviewing positions across the company, at MySpace and at other [...]
Continue reading...Thursday, March 12, 2009
Time Warner AOL said on Thursday it is closing a research unit in China. The move to close AOL Beijing Technology Research & Development will result in the loss of 56 jobs, but AOL will continue to publish its homepages and other websites for Japan, China, Hong Kong, Taiwan and South East Asia. The announcement comes after [...]
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Monday, January 11, 2010
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