New York -- The onset of the New Year has heralded bundles of dismay for many workers, with continuous news of job cuts coming amid tough times. Despite remarkable traffic growth as high as 27% yearly on its associated Web sites including new personal finance news service WalletPop, Time Warner Inc.’s underperforming AOL Internet unit is not spared of the depression and will cut about 700 jobs, as it faces an advertising slump, to survive the present economic situation.
This afternoon, a memo first obtained by The Wall Street Journal’s Kara Swisher cites AOL CEO Randy Falco as informing his employees that even those who will be remaining with the company should not expect much special this year.
“Reducing our workforce is never easy, particularly in the current climate,” Falco wrote, “but our goal in doing this is to provide our core businesses the resources they need to thrive. Please know that, as always, we will be doing everything we can to help and support those affected, including offering severance packages and other services.”
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San Francisco -- AOL’s recently created Products and Technologies Group today rolled out their enhanced version of
San Francisco -- AOL unit
New York -- AOL on Monday introduced the latest online local events site that enables users to search and browse for an extensive range of events in their local area, together with kids and family activities, community events, live performances, sporting events and many others, called
New York -- AOL.com, the web portal of America Online, on Thursday rolled out a revamped
New York -- Ever striving, but still overshadowed by its bigger rivals, IAC Corp.’s
New York -- AOL has launched
Ever since AOL altered its subscription service two years back with an ad-based model, the web veteran is now further letting its doors open in an effort to win back some of the customers by introducing a new feature on its revamped homepage that allows users to access multiple email services from third parties.