Tuesday, March 10, 2009
Rock, Meet Hard Place: More Details of AOL Layoffs–But Are There More to Come?
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.
