Business
It's official: AOL cuts 1,200 jobs
AOL Time Warner said Tuesday that it plans to slash 1,200 positions from its America Online unit, the second round of layoffs in the online unit since its merger with Time Warner. The company said an additional 500 people will be laid off from AOL's enterprise software alliance with Sun Microsystems.
AOL Time Warner said Tuesday that it plans to slash 1,200 positions from its America Online unit, the second round of layoffs in the online unit since its merger with Time Warner.
The company said an additional 500 people will be laid off from AOL's enterprise software alliance with Sun Microsystems. AOL employs 16,000 people.
AOL Time Warner will take a $100 million to $125 million charge in the third quarter for costs relating to the restructuring. --Jim Hu and Gwendolyn Mariano, Special to ZDNet News