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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.'"

5 of 139 comments (clear)

  1. Re:AOL and TW Merged by Anonymous Coward · · Score: 4, Informative

    If you read the link you gave, you will come across the following:

    "In 2000, a new company called AOL Time Warner was created when AOL purchased Time Warner for US$164bn."

  2. Re:AOL and TW Merged by Chris_Stankowitz · · Score: 3, Informative

    According to the Wiki you linked they were bought, but it was done in a merger fashion.

    "In 2000, a new company called AOL Time Warner was created when AOL purchased Time Warner for US$164bn.[3] The deal, announced on 10 January 2000[4] and officially filed on 11 February 2000,[5] employed a merger structure in which each original company merged into a newly created entity."

  3. Re:AIM by ravenspear · · Score: 2, Informative

    The AIM network is run by AOL, although it is separate from their dialup subscriber network. Even if they go under it's unlikely this would be shut down though, too many users and ad revenue. It would most likely be restructured or sold to another party. Even if it did shut down, everyone would just switch to msn or yahoo.

  4. Re:People still use AOL? by Rycross · · Score: 2, Informative

    Their software wasn't just bloated, it was terribly buggy as well. Around 2001, I had a job at a help desk at a university. Sometimes we had people come in who had installed AOL's software on their Windows PC (usually 98 se), and then tried to connect to the university dial-up. The AOL software somehow managed to screw up something with Window's networking. Sometimes we had to do a reinstall of the networking components just to get things to work correctly again, even if they had already uninstalled all the AOL stuff.

  5. Re:People still use AOL? by Amouth · · Score: 4, Informative

    hummmm Eudora supports Imap.. he could jsut use that to connect to exchange and then move his messges into the imap storage via Eudora and then open up outlook.. not that hard.. (i assume you have exchange sence he is wanting to move to outlook)

    --
    '...if only "Jumping to a Conclusion" was an event in the Olympics.'