AOL to drop 20% of staff
Don Day October 15th, 2007
Time Warner announced today it will cut 20% of its AOL unit staff - 2,000 jobs. AOL lost 1.1 million subscribers in the second quarter (to which my cynical mind asks, “does AOL even have 1.1 million subs still?) Of course, AOL is trying to emerge from the subscriber-based business to an ad supported model.
“We’re now in a position to win as an advertising-supported business. We have a bright future as a company if we can execute on this vision,” AOL head Randy Falco told employees in a memo obtained by Variety.
1 Comment Add your own
1. Joe - fourhman.com | October 16th, 2007 at 9:23 am
Somebody explain to me how in the hell AOL can keep AIM going as a free service? It is supported entirely by ads within the IM application?
(Which I never see, as I use my AIM account on iChat…)
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