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Old 11-19-2009, 08:33 AM
Franc Tireur Franc Tireur is offline
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AOL may lay off a third of employees

AOL may lay off a third of its staff as part of a restructuring related to the company's upcoming spin-off from Time Warner Inc., the unit told regulators Thursday.

In a filing with the Securities and Exchange Commission, AOL said it had informed employees of the layoffs, which are conditioned upon its successful spin-off from Time Warner /quotes/comstock/13*!twx/quotes/nls/twx (TWX 31.91, -0.91, -2.77%) . The transaction is slated for Dec. 9.

AOL told employees it has announced a voluntary layoff program that starts Dec. 4 and goes through Dec. 11. The company is offering buyouts to as many as 2,500 employees.

http://www.marketwatch.com/story/aol...ees-2009-11-19
 
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Old 11-19-2009, 03:00 PM
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Jim Gillum Jim Gillum is offline
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In a good economy companies get "fat" with staffing. Mergers and falling economies cause
the company to re-evaluate their staffing levels. The biggest expense is in salary and benefits. Is is also the quickest area to reduce expenses.
 
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Old 11-19-2009, 03:07 PM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by Jim Gillum View Post
In a good economy companies get "fat" with staffing. Mergers and falling economies cause
the company to re-evaluate their staffing levels. The biggest expense is in salary and benefits. Is is also the quickest area to reduce expenses.
I agree but 1/3 of the staff is pretty shocking.
 
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Old 11-19-2009, 03:09 PM
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~kev~ ~kev~ is offline
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You mean that aol is still in business? Now I find that funny!!!

aol still in business? seriously? Your kidding right? lolololo

I thought they crashed and burned years ago.
 
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