AOL To Let Go 2,000 Employees
Oct 15, 2007 at 1:15pm ET by Greg Sterling
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, which was probably inevitable.
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