Friday, August 14, 2009
Massive AOL Layoffs? Not Imminent–But Top-to-Bottom Cost Exam Definitely in Process.
After a while–in a BoomTown mangling of the old cliché–if you are a nail, everything begins to look like a hammer.
So, it is probably inevitable that the next thing for much-beleaguered AOL staffers to start rumbling about is 2,000 people getting laid off next week.
After all, the Time Warner unit has a long history of whacking employees. So, it is easier to assume things will not be different under the regime of the latest CEO, Tim Armstrong.
Except it’s not actually true that such massive cuts are in the offing, since–as many sources I spoke to said–Armstrong is in the early part of figuring out what to do about the cost structure of AOL, after laying out a company strategy and rejiggering management.
