LayoffBlog.com

January 28, 2009

Time Warner to Cut 10% of AOL Jobs, Halt 2009 Raises

According to Bloomberg: “Time Warner Inc.’s AOL online unit will cut as much as 10 percent of its workforce because the U.S. recession has forced advertisers to reduce spending.

Employees won’t receive merit pay increases in 2009, New York-based AOL said today in a memo to workers. The number of people fired will total 700, said a person familiar with AOL’s plans.”

“The Warner Bros. film and television unit is eliminating or outsourcing 800 positions. Publishing division Time Inc. said in October it would cut 600 jobs, or 6 percent of the workforce.”

2 Comments »

  1. I am pretty sure the fat cats won’t be the ones who have to leave.

    Comment by myphotoscout — January 28, 2009 @ 9:09 pm | Reply

  2. you don’t know what you are talking about. there ARE high level executives losing their jobs and i’m sure they don’t appreciate being called fat cats…

    Comment by Anonymous — March 5, 2009 @ 11:31 pm | Reply


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