AOL's Layoff Avalanche Starts Today
PrintHappy new year, here's your pink slip. So goes life at AOL, who began laying off workers in small doses today. And for those who left work without a change in employment status, the waiting game starts now, as AOL looks to let go of more employees later this week..
According to a statement from AOL, most of the notifications will go out Wednesday, including employees in both Europe and in the U.S. For those residing in the U.S. of A., a spokesperson says the company will be offering packages to lessen the blow, including "severance, benefits, and outplacement assistance, among other things."
Late last year, AOL offered a Voluntary Separation Program in which workers were asked to voluntarily give up their jobs in anticipation of the upcoming cuts. The company claims some 1,100 employees opted to the join the program, but it wasn't enough.
More like this
4
Comments
Comments are closed on this article
MeTo
January 12, 2010 at 5:31am
When i had AOL we would complain about how slow it was. They would keep adding Ads making it slower. If it was not so cheap through work $3 a month then $5 a month i would not have it. There is no way i would pay there going rate.
DBsantos77
January 11, 2010 at 2:55pm
I love the pics for the articles so much, this one made me laugh hard lol.
-Santos
Connect with MaximumPC
Featured Content
The gang discusses the GTX 690, Trinity, Ivy Bridge, Amazon, big-box stores, MMOs,...
This month's issue
Feature
Build a PC On Any Budget
Feature
Cloud Services Showdown
How-To
Encrypt Your External Drive
Build It
Upgrade an X58 Rig
Most Commented Articles
Latest Max PC Tweets
- maximumpc: Original RickRoll Video Returns to YouTube After 24-Hour Copyright Hiatus http://t.co/MaH9Sxyy21 hours 56 min ago
- maximumpc: Corsair has decided not to go forward with its $78 million IPO, citing weak equity market conditions http://t.co/A5a4DAzj22 hours 5 min ago
- maximumpc: Want to work at Maximum PC? Our Online Managing Editor, Alex, is moving away, so we need a new one. http://t.co/9Z7JCh0E2 days 19 hours ago
