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AOL Tells Employees To Brace For Layoffs

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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AOL plans to lay off 10% of its workforce, CEO Randy Falco said in a letter to employees Wednesday.

"Online marketers have tightened their ad buying across the board, reducing their spend by hundreds of millions of dollars," Falco said in the letter.

The layoffs, which Falco said will take place over "the next several quarters," will likely result in the loss of some 700 jobs at the long-struggling Time Warner unit. Additionally, AOL has ruled out "merit raises" this year, and plans to reorganize internationally and consolidate office space in Mountain View, Calif. and Los Angeles.

http://www.mediapost.com/publications/?fa=...p;art_aid=99311

Man is made by his belief. As he believes, so he is.

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dalegg Experienced

dalegg   143

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My company laid 2 Division presidents off last night. It's gonna suck for the remaining one.

20-July -03 Meet Nicole

17-May -04 Divorce Final. I-129F submitted to USCIS

02-July -04 NOA1

30-Aug -04 NOA2 (Approved)

13-Sept-04 NVC to HCMC

08-Oc t -04 Pack 3 received and sent

15-Dec -04 Pack 4 received.

24-Jan-05 Interview----------------Passed

28-Feb-05 Visa Issued

06-Mar-05 ----Nicole is here!!EVERYBODY DANCE!

10-Mar-05 --US Marriage

01-Nov-05 -AOS complete

14-Nov-07 -10 year green card approved

12-Mar-09 Citizenship Oath Montebello, CA

May '04- Mar '09! The 5 year journey is complete!

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