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Time Warner’s AOL Unit To Cut 700 Jobs
BARRONS.com: Tech Trader Daily —
... AllThingsD’s Kara Swisher has published a copy of the memo from AOL chief Randy Falco announcing the cuts. ...
AOL Lays Off 700
Gawker: valleywag —
You've got pink slips: AOL axes 700 of 7,000. Memo!
Careers abbreviated at AOL, SAP, IBM
GMSV —
... , about 10 percent of its staff, over the next few quarters as it deals with the weak economy, falling ad revenue and ongoing structural changes. CEO Randy Falco also announced that the company won’t be handing out any merit raises this year and will do some facility consolidation at its outposts in Mountain View, Los Angeles and Dulles, Va. Word is that the group of “lifestyle blogs” acquired in AOL’s purchase of Weblogs Inc. four years ago ...
AOL to layoff 700, consolidate groups
Between the Lines —
... that it will lay off 10 percent of its workforce - roughly 700 people - to help the company work through the recession. The reductions should be complete by the end of March and a consolidation of groups within the company are expected to follow. Merit raises also have been eliminated. The news was first reported on the Boomtown blog , which has also posted the full text of the e-mail to employees. In it, CEO Randy Falco told employees: Reducing our workforce is never easy, particularly in the current climate, but our goal in doing this is to provide our core businesses the ...
Nail in Coffin - Good Bye Web 1.0 - AOL Now Hemmorging Just Like Yahoo - Hello Web 2.0
Furrier.org - John Furrier's Personal Blog —
... I had a personal sinking feeling. Now, Boomtown’s the latest memo from the CEO of AOL allowed me to just put my finger on why I’m sad by this. It’s the final ‘nail in the coffin’ of Web 1.0. ...
AOL to let go of 700, even amid its recovery
Betanews —
... Despite impressive traffic growth as high as 27% annually on its associated Web sites including new personal finance news service WalletPop, AOL is also faced with cutting back resources to survive the present economic situation. This afternoon, a memo first obtained by ...
Why for AOL, the Future Is Content [GigaOM]
GigaOM Network —
... the company is going to slash 700 jobs (10 percent of the total employee base), pare down its operations and essentially shrink itself into a much smaller entity. Kara also obtained the layoff memo sent out by AOL CEO Randy Falco, which details the three major areas of focus AOL will be left with: ...
News Bits: AOL to Slash 10% of Workforce
Contentinople: —
... the company will also freeze merit pay increases in 2009, reduce office space in Los Angeles and Mountain View, Calif., and lease unused space at its Dulles, Va., campus. "Online marketers have tightened their ad buying across the board, reducing their spend by hundreds of millions of dollars. As a result, we will be reviewing our entire organization to further align resources and expenses against the real revenue opportunities in this difficult market," Falco told employees in a memo issued Wednesday. The sagging economy is even taking a toll on ...
AOL Laying Off 10%, Terminating Several Blogs
Pulse2 - Technology News And Reviews —
... look right now, the economy eventually will turn around. Some companies will use this time prudently and make difficult decisions to come out of it in better shape–growing toward areas of opportunity, scaling back in others and maintaining a line on costs all around. Our only choice is to be one of these companies. With your continued hard work and dedication, we will position ourselves to emerge a stronger company ready to lead in a vibrant online market.
Randy
[via AllThingsD] ...
Weekend Update, 1.31.09
Digital Daily —
... 10 percent of its workforce due to the overall ad meltdown: CEO Randy Falco’s memo to his troops is here. And whether or not AOL has ...
