Blog Post

AOL’s Coming Big Layoffs & Restructuring Costs: $200 Million

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

AOL (NYSE: TWX) announced about 100 layoffs earlier this week and more to come, along with continued restructuring. In an SEC filing, AOL (using the NYSE symbol AOL) and Time Warner outlined some basic costs associated with the moves, following the spinoff and into the first half of 2010: “In connection with these additional restructuring activities, AOL expects to incur additional restructuring charges of up to $200 million, substantially all of which are expected to be incurred from the date of the Spin-off through the first half of 2010. The Spin-off is expected to occur in the fourth quarter of 2009.”

What this means is there are lot more layoffs to come, as has been reported by others recently. About 1,000 of AOL