AOL to ax 2,500 jobs
AOL is planning to reduce its staff by one third, which will result in a loss of 2,500 jobs. To soften the blow, AOL is offering employees the opportunity to volunteer to resign from December 4-11, after which they will enforce the layoffs.
This news comes as Time Warner announced this week that AOL will officially be spun off into its own entity on November 27.
