AOL to Cut 2,500 Jobs
AOL has to cut about a third of its workforce (25,00) jobs.
Cutting these jobs is said to save 300 million dollars annually.
The company is politely asking for people to volunteer.
AOL has merged with Time Warner Cable CO. in 2000 in a deal that was dangerous for both companies. They predict it will spin off by December 9th.In the most recent quarter AOL's revenue plummeted 23 percent AKA 235 million to 777 dollars. $92 million was due to drop in advertising.
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