AOL to Cut 5,000 Jobs
A Reuters newswire article, via CNN/Money, reports that:
Time Warner Inc.'s AOL online division said Thursday about 5,000, or about 26 percent of its 19,000 employees, will not be employed by the company within six months as a result of its restructuring.More here.
"At a company meeting this morning, Jon Miller (AOL CEO) told AOL's worldwide work force of 19,000 people that within six months, it was likely that around 5,000 employees would no longer be with the company," the company said in a statement.
AOL, which is in the process of selling its European Internet access business, employs about 3,000 employees in its access business in Europe, one source said.
posted by Fergie @ 8/03/2006 10:11:00 AM
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