In a Security and Exchange document filed on Tuesday night, AOL plans on cutting about one-third of their staff, about 2,300 people. The filing said, “the Restructuring will include the reduction of approximately a third of the Company’s current employee base, which will be conducted on a voluntary and involuntary basis.”
AOL became an independent company earlier this month, as the “new” AOL. It is unfortunate that so many people are going to lose their jobs early next year. It is also very unfortunate AOL had to officially announce this a day before Christmas eve.