AOL Cutting 2000 Additional Jobs
butterwise writes "AOL plans to cut 2,000 jobs, or 20 percent of its worldwide workforce, as the Internet division focuses on advertising sales to make up for subscriber losses. 'The latest cuts will pare AOL's staff to 8,000, down from about 18,000 employees in 2001, when the company bought New-York based Time Warner for $124 billion. The combination led to $100 billion in losses and a more than 60 percent drop in Time Warner's stock as customers dropped dial-up Web access.'"
Why???
Time warner!!!!!
Why have you forsaken us!!!!
NO!!!!!
"AOL - because online discourse is too intelligent."
I'm sure that these are mostly support positions, not the chimps who set policy.
You can't talk about Wikipedia's flaws on Wikipedia
Boss to Employees: "Goodbye".
There, now it's out of the way.
Those who believe the Internet is private,
find their privates are on the Internet.
But, I don't feel sorry for AOL.
So easy to hate them for their horrible business practices.
May they disappear into dust.
Dave Barnes 9 breweries within walking distance of my house
A once crap company company now becoming truly crap: trailerpark online
They who would give up an essential liberty for temporary security, deserve neither liberty or security - Ben Franklin
I blame this on all of you Slashdotters. For years you just HAD to casually point out how crummy their service is, and how morally repugnant their business practices are, and now look at what has happened!
Have you no morals? Will you not rest, until every poor person working for an underwhelming ISP has lost their job?
For shame, Slashdot!
- Scott
AOL didn't buy Time Warner, they merged in what was widely consider one of the blunders of the "dot com era". A blunder for TW that is. It is also considered one the smartest things AOL CEO Steve Case ever did. Many people believe that he pulled the wool of Time Warner's eyes.
http://en.wikipedia.org/wiki/Time_Warner
The death of dial up did not have to be the death of AOL. TW had all sorts of content it could have sold as a subscription to it's user base before they lost it all. Now they are scrambling and suing their fans to keep their media empire alive. More savvy competitors are cutting into their sales via the internet with no base at all. They expect the treats to draw customers.
DMCA, Hollings, Palladium. What might have sounded like paranoia is now common sense.
How meny of them are the people who are pay to keep you on AOL.
Am I the only person surprised to see this? Considering AOL used to be the top ISP in the country (IIRC), and now the cable companies are instead (like Time Warner), I would have expected that AOL-TimeWarner would have broken even on the deal. Or maybe even come out ahead, considering how much more they can charge for high speed cable modem access, with presumably an easier network to maintain than the phone network that is otherwise beyond their control.
I don't think there was any great exodus of AOL customers switching to satellite for internet service or anything...
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
The company will begin notifying employees of the cuts tomorrow, AOL spokeswoman Bentley said.
Back in the .com days, a company I worked for sent out a press release half an hour before the unscheduled meeting where the news broke. By that time, rumors were already circulating. And this wasn't a newsworthy company or even drastic cuts. It's gotta suck when you've got a 20% chance of getting terminated and 24 hours to worry about it.
Do you even lift?
These aren't the 'roids you're looking for.
*ding* "You've been canned!"
2000 gone, another 8000 to go...
Keep up the good work!
There is no psychiatrist in the world like a puppy licking your face - Ben Williams
AOL Keyword: Inevitable
What happens if AOL goes under? Does AIM Follow? or are those on different networks?
AOL just needs to promote itself as a "Web 2.0" company. They are, after all. Social networking? Definitely, they were there at the beginning. User-contributed content? Yes, they have that. Interactive client? Yes, AOL has that too. Mashups on the home page? Yes! Mobile phone capable? Of course. They even had virtual worlds with avatars, back in their Q-Link days.
Man they bought Atari and then got hit with the video game market crash then they bought AOL just in time for the Dot Bomb...
The trick is to watch what TW buys. If it currently hot then it is a sure sign the bubble is going to burst.
On a good not they sold off their holdings in Google in 2004.
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
They will be hiring elsewhere, probably India.
Subscriptions for content never made sense, mostly because you can't stream much of anything over dialup. Once everybody got broadband, AOL got left behind.
.com bust? (hint: not much.). I understand that TW killing AOL didn't make TONS of sense, given TW's broadband lead, which could easily have been co-marketed, at least. Remember, though, AOL also had a crappy reputation for quality of service (horrific login times once the "all you can eat" system started, those damned "downloading new user experience" things), so it really wasn't something you wanted a part of in your new broadband venture.
.com explosion. AOL Deal -> Instant IPO -> Instant megaBucks for all concerned. Until AOL started demanding their cut, and things started to fall apart a bit.
Besides which, how much pull do you think the AOL folks had in TW after the
Plus, at least according to the AOL book I read, the AOL guys got to be tremendous a-holes as it became apparent that they weren't selling connectivity so much as IPOs. Again, consider some mid-level retailer, say J Crew, signing an exclusive deal with AOLMarketplace back at the cusp of the
AOL killed themselves. Case gets a lot of credit for the TW deal, but it's hard to say that AOL set their own schedule for demise. IMHO, of course.
ceci n'est pas un sig.
I am with Linus on this one. For the life of me I can't understand what this sucking up to RMS is about. Linus himself does not think GPLv3 is a good thing. So why do people keep adopting it.
Without Linus FOSS is tossed. Not following Linus is dangerous for the survival of FOSS.
That's not true at all. At one time, they provided a crucial service to the PC users in this great nation: a boundless supply of free floppy disks, conveniently delivered almost daily right to our homes and offices. It was only with the demise of the floppy drive that AOL's reason for existence went away.
AOL is now run by the same ppl that run TW. That is, they do not understand the net. All they see is ads and are still desperate to figure out how to make money with no work.
I prefer the "u" in honour as it seems to be missing these days.
I remember AOL had the easiest network/internet browser interfaces and it is a pity that no one has taken advantage of this. I remember in the 1990's that most companies that wanted to make a interface good simple User Interface (UI) used "AOL" as an example of a good interface to the common person. My boss at that time said that AOL is a interface that a grandparent can use the internet. For us geeks may look at the AOL interface as stupid but for the common person that doesn't have a degree in CS this is a simple to use interface common people could understand. It is a pity that Time Warner, AOL or anyone else could have patented (correct me if I'm wrong if they did) this interface and made money from it.
I'm sorry...WHAT?!?!
Joe the Dragon's been Drinkin'
It's not narcissicism if it's true!
This idea that once an organization or business has been created that it should try to exist for the rest of eternity is stupid. Folding before you have uselessly expended all of your capital when you no longer have a viable business model and you are not structured in a manner that allows you to change business models (very hard to do), is not only smart, but it is a fudiciary duty. Throwing all that money away on a long-shot gamble to simply continue existing is silly.
Try this link: http://danish.slashdot.org/
+1, Informative
And we are still feeling repercussions from the burst...
Excellent idea, now go do as Mr. Hands did and earn yourself a Darwin Award.
...were as hard as quitting your account with AOL.
Employees would get another three months of employment rather than terminated immediately.
Laughter is the Spackle of the Soul.
Where can I get my troll badge and immunity from karma depletion? You seem to be on the inside.
AOL's trained its employees too well.
Boss: You're fired!
Employee: Sorry, AOL employees only accept termination notices between the hours of 1:13am and 1:16am, Ugandan time. Please call back at this deliberately inconvenient time. Until then, we will continue to bill you for our services.
Boss [several hours later]: OK, now you're fired!
Employee: Sorry, please hold.
Boss [several hours later]: Look, you're freaking fired!
Employee: OK, I'm going to sign you up for one more month of free employment.
Boss: I don't want a month's free employment, you're freaking fired, you stupid cretins!
Employee: I'm sorry, we accidentally disconnected that call. Please begin the process again.
Management may want to fire them. If the employees have learned anything from their time working there, it'll be next to impossible to make them actually leave. Karma's a bitch.
Do they manufacture sealing wax? 33-1/3 LPs? 8-track tapes? What? Don't believe I've heard of them before.
Anyone still working for AOL really has a problem reading the writing on the wall, eh? Or maybe they were counting on a nice fat severance pay.
Heh, they had cool CD cases for a while too. I think I still have the tin ones. I got a weird wooden one from my boss who didn't want it. So I use that to carry around my "action pack" CDs to unfuck people's computers. The look on peoples faces when I bring out that case is priceless: "Dude I asked you to fix my computer. You're going to fix my computer with AOL 9.0?"
The solution is so simple and yet the muckity-mucks at AOL will never get it. Stop putting out a service that sucks, while simultaneously pissing off all your users and pretty much everybody else you ever come into contact with. Sometimes the problem isn't THEM its YOU.
One sure bet though-- those doing the firing will have nothing to lose-- their golden parachutes are in the bag-- while those getting fired won't get squat.
Wouldn't it be fun-- just one time-- for a company to decide to lay people off and start with the CEO, CFO, CIO, and board of directors and all the executive management and higher-up middle management... "We're keeping the workers-- they actually get shit done. The rest of you just sit around on your big hairy asses and collect 6-figure welfare checks. We've discovered we can pay for executives in India who will be just as ineffective from overseas. We're going to take the money we save and throw a big party for the people that actually matter. Oh, and we want our Ferarri back and we'll have someone send you the bill for the stock options and all those trips on the corporate jet."
These job cuts are directly related to failed marketing.
I've been dying to try-out AOL for many years. I heard about it on TV and in newspapers. But I could never 'access' it. I think they lost a lot of money because they kept sending me shiny metal and plastic coffee coasters in the mail and with magazines. It was a very kind gesture on their part. I really like the company as they're funding my coffee habit indirectly. Printing these coasters with their company logo must have cost a lot of money. Maybe they should sell coffee w/ a free coaster instead.
Time Warner/Netscape posts thousands of new jobs on http://monsterindia.com/
Oh yea!
I guess you mean the techs that do the actual support work on calls will get the MEGA AXE/pinkslip/goodbye papers...
ALL, while some clueless fool in upper mgt. keeps his job?
HEY MAN - lol, that's "good business" today - such logic, check it:
Kill the actual productive workers who are in themselves, revenue centers...
(Those revenue centers being support techs, for support calls PAID BY THE CALL (if not by the successful call only))
Then, upper mgt. (are they directly revenue centers I wonder) then demand the workers/techs who are retained must "double their productivity rate", or lose your job!
(& yes, you hear shit like that last little tidbit)
Hey - Who cares if you just BURN THEM OUT after 50-80 hour work weeks, because hey - They're only slaves/replaceable assets!
(New rule & policy, set of course, by those who "set policy" lol, as you noted).
Signed
Disgusted American Worker
They have cut another 500 jobs and it is creating a large number of unemployed looking for csr/tsr positions. Not a good time for those looking other than thanks to the upcoming Holiday season there are the seasonal csr's needed to cover other companies.. hmm no more 'we cant help you because we are aol and can't tell you what you really need'
I recently read an article (wish I could find the source now) that studied the "techie density" of people in metropolitan areas across the U.S. Silicon Valley was of course #1, but a close second was the Washington DC metro area which includes the part of northern Virginia where AOL is located.
bp
AOL can die like pigs in Hell. I cancelled them a year ago spring, and by August they were calling me up demanding about $60 in back payment for a service I hadn't actually used in over a year. Seems they didn't actually cancel me for god only knows what reason (other than clerical errors that, like pricing inaccuracies in stores, probably benefit them mostly.)
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.