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 […]
Greg Sterling on October 15, 2007 at 1:15 pm | Reading time: 1 minute
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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Greg Sterling is a Contributing Editor to Search Engine Land, a member of the programming team for SMX events and the VP, Market Insights at Uberall.