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Rumors Swirl About Potential Mass Firings at AOL

Authored by Mark Hefflinger on August 12, 2009 - 10:09am.
Dulles, Va. - Citing "chatter in Dulles," Silicon Alley Insider reported on Wednesday that AOL could lay off upwards of 2,000 employees next week as part of its ongoing restructuring. A source close to the company, however, told the blog that the speculation may be premature, though "the source does expect significant layoffs at some point."

The report follows an all-hands company meeting in Dulles, Va. last month, in which new CEO Tim Franklin strongly hinted at the possibility of more layoffs.

AOL is in the process of spinning out from parent Time Warner (NYSE: TWX).

 

Related Links:
http://snipurl.com/pr90y (Silicon Alley Insider)

http://snipurl.com/pr91m (Barron's)

Published in DMW Daily, August 12, 2009
tags: AOL | Layoffs | Time Warner |



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