October 15, 2007
AOL To Let Go 2,000 Employees
Kara Swisher reports on a layoff notice from AOL CEO Randy Falco. The bottom line, literally and figuratively, is that the company is trimming (or slashing) 20 percent of its workforce. The letter outlines the company's new focus on three business segments: "We refocused the business around three core areas–Platform-A, Publishing and Access–and are now managing these as three distinct but related components." As AOL completes the transition from one business model to another, this was probably inevitable.
Here's more discussion at Techmeme.
Filed under Search Engines by Greg Sterling
