AOL Hands Out The Pink Slips Today; Cuts Are Part Of Previously Announced Reorg

AOL (NYSE: TWX) has handed out more layoffs today, as part of the 10 percent staffing cut — roughly 700 jobs — that was announced back in January, SAI reported. Sources told paidContent that the layoffs were primarily focused in AOL’s original Dulles offices, but New York and California staffers were also let go as well. AOL is also in the midst of an international reorg, but it wasn’t clear how many were being let go overseas. In any case, AOL plans to roll out the layoffs over the next few quarters, and sources note that today’s headcount reduction was by no means the last.

AllThingsD: About 70 people had been let go before this announcement, but this was the big one. According to Kara Swisher, citing an unidentified source, about 300 were let go in this layoff round.


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