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AOL To Fire 700
Silicon Alley Insider —
Kara Swisher reports:
"Time Warner online unit AOL will announce layoffs of 700 employees people sometime today, due to both the weak economy and fall off in advertising revenue and also recent structural changes made to focus the once-might service."
More as we learn it. Please send us info (the memo!) to tips@alleyinsider.com or call 646-747-1539
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AOL Lays Off 700
Gawker: valleywag —
You've got pink slips: AOL axes 700 of 7,000. Memo!
Bebo, the centerpiece of AOL’s “People Network,” looking for tech VP
VentureBeat —
... together. Which is maybe why both TechCrunch and PaidContent heard a number of sources whispering about a possible sale of Bebo — Bebo or AOL employees or executives may be so disgruntled they’re throwing the idea around. AOL is also apparently firing more than 700 people today — perhaps there will be further consolidation among People Network properties, instead of the speculated sale? As AOL chairman Randy Falco told the company in the layoff memo today: ...
Bebo, the centerpiece of AOL’s “People Network,” apparently looking for tech VP
VentureBeat —
... together. Which is maybe why both TechCrunch and PaidContent heard a number of sources whispering about a possible sale of Bebo — Bebo or AOL employees or executives may be so disgruntled they’re throwing the idea around. AOL is also apparently firing more than 700 people today — perhaps there will be further consolidation among People Network properties, instead of the speculated sale? As AOL chairman Randy Falco told the company in the layoff memo today: ...
Blogging Days May Be Waning at AOL's Weblogs, Inc.
ReadWriteWeb —
... Major staffing cuts at AOL were unearthed today and a source close to the company has told us that AOL will be shutting down the Weblogs Inc. "Lifestyle Blogs," roughly 1/4 of the remaining blogs from the network it acquired in four years ago. From the heady days of carrying the flag of the blog revolution in 2003 and 2004, to a high profile buy-out by AOL in 2005, the near-term future of Weblogs Inc. raises interesting questions about the ballyhooed medium of blogging itself. ...
Careers abbreviated at AOL, SAP, IBM
GMSV —
Today’s litany of woe reads like a bowl of alphabet soup: * AOL will lay off 700 employees , 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 ...
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 —
... When I read the reports from Boomtown’s Kara Swisher, 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.
Yahoo and AOL’s storied successes are crashing down around all of us in front of our eyes. I’m deeply saddened. I know many of these people in both companies. What’s worse is the addition of thousands of newly laid off employees - the rank and file. More ...
Why for AOL, the Future Is Content [GigaOM]
GigaOM Network —
... AOL over the past few days has been making the wrong sort of news. Today, Kara Swisher reported that 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. ...
Weekend Update, 1.31.09
Digital Daily —
... ” about yourself, you’ve likely read a few. BoomTown only gave up five, but they’re good ones. On defense, AOL announced it would lay off 10 percent of its workforce due to the overall ad meltdown: CEO Randy Falco’s memo to his troops is ...
