AOL Confirms More Layoffs, Says No Way Around It
AOL Confirms More Layoffs, Says No Way Around It
Posted 03/04/2011 at 8:48am
| by Paul Lilly
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AOL's $315 million acquisition of The Huffington Post is nearly complete, and as the finish line approaches, job cuts can be seen on the horizon. If there's a bright side to this, it's that the job cuts won't come until after the deal is complete. But they are around the corner, because as AOL CEO Tim Armstrong put it, there's just no way to avoid making cuts.
"There will be job changes," Amstrong said at the PaidContent 2011 conference. "There's no way around it, but we'll do it thoughtfully."
How many job cuts loom at AOL remains to be seen. The last time AOL handed out pink slips was a year ago, in which it let go of 2,300 employees. What makes this latest round of cuts more uncomfortable than last time is that while AOL employees are worried about their futures, AOL and The Huffington Post are toasting the deal with expensive champagne and boxes of Greek cookies, which are being handed out to key advertising clients.
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ShyLinuxGuy
March 04, 2011 at 3:27pm
Anyone who works for a company supplying customers with *dial-up* service should have known that their days working there were numbered--bad economy or not.
Really, who uses dialup anymore? We have satellite service available virtually everywhere, and then the telephone and cable companies are spending the time, money and energy spreading out to residences out in the middle of nowhere. My grandparents live so far past any sign of civilization that neighbors are placed 3/4 to 4 miles apart, and there's Qwest internet service out there. Has been since 2005.
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