Earlier today, Silicon Alley Insider reported that layoffs at AOL, which had been announced in January, were finally taking place.

Actually, said an AOL insider, about 10 percent of the layoffs, or 70 people, have been let go since the announcement. The pace just got ratcheted up today, adding another 300 to the pyre at the troubled Time Warner online division.

But, said several sources, the slashing of staff might go well beyond what has been announced. With the ever-weakening economy, there is still fat to be cut out, especially since Time Warner CEO Jeff Bewkes either has to sell AOL off or make it work a whole lot better.

And working better most likely means more cuts–and a whole lot more of them.

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Time Inc., the largest magazine company in the world, is laying off hundreds and reorganizing itself drastically, due to tough economic conditions, especially in advertising, as well as the more inexorable diminishing of its business as readers move to the Web.

Time Inc. Chairman and CEO Ann Moore penned the email memo to employees tonight. She tried to tout gains in its digital business–part of the reason for the reorg is to move more of its content to Web platforms–noting 26 million people visit its Time Inc. sites monthly. Not good enough it seems.

Here’s the memo.

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Ann Moore says Time Inc. really does get the Internet.
It is not as if the magazine giant has had a lot of choice in that matter, but the CEO of Time Inc. seems to embrace the inevitable with resolve and even excitement–which is rare in old-media circles still–in this interview.
By way of background, D: All [...]

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The Wall Street Journal has a special “D: All Things Digital” tab today, with excerpts from several of the interviews that took place onstage a few weeks ago at our fifth conference. I did a video for it, embedded below.
The interviews featured are with famed filmmaker George Lucas, CBS CEO Les Moonves, Time Inc. CEO [...]

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While it did not get a lot of play last week when Time Warner COO Jeffrey Bewkes dangled the idea of a stock offering for its AOL unit, the suggestion made my head hurt all over again thinking about the myriad opportunities that the online unit had missed over the last few years being held [...]

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We hope you’ve enjoyed our show. Walt and I certainly did, and I think we both felt it was our best D thus far.
And that’s without what was clearly the blockbuster joint interview with Microsoft’s Bill Gates and Steve Jobs of Apple, which got a mountain of attention, as it deserves for both its historic [...]

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We’re all in Carlsbad, Calif., now, getting ready for our fifth D: All Things Digital conference, which will begin tomorrow night.
So here’s one of my movies to show you how we prepare for the annual conference, which is highlighted this year by a joint interview with Microsoft’s Bill Gates and Apple’s Steve Jobs, the twin [...]

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