suffering. Lets hope this does not turn out to be a big dotcom bust.ABOUT 5,000 jobs are to go at AOL as parent Time Warner continues its attempts to sort through the wreckage of one of the most ill-starred combinations in business history. The cuts represent a little over a quarter of staff at the internet access giant and come as part of sweeping changes at the firm. Recently, AOL has been in talks to dispose of European wings including the UK and has announced plans to make access to its email and security software free for broadband users.
AOL cuts 5,000 jobs source
Since 5,000 of 19,000 employees are affected by the budget cuts in the next 6 months there are no reasons for joy in the AOL executive staff. The company seems to reach the bottom and struggling to stay on the market by selling the European Internet Access business and making some of their services free for the broadband users. Although the company seems to reach its end we shoul wait and see how this will turn up for them.
Posted by: Jackie | August 10, 2006 1:34 PM | Permalink to Comment