LayoffBlog.com

March 13, 2009

AOL Hiring Armstrong Prompts Speculation About Site’s Future

The hiring of Google Inc. (GOOG) veteran Tim Armstrong to run AOL has prompted speculation that a long-awaited separation of the troubled Internet unit from Time Warner Inc. (TWX) is finally near.

AOL is currently in the process of cutting its work force by 10%.

Source: CNNMoney

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.”

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