October 15th, 2007, 19:40 PM
AOL to lay off 20 percent of workforce
The company will begin laying off 2,000 employees out of a global workforce of 10,000 on Tuesday, according to an internal company-wide e-mail obtained by former Merrill Lynch analyst Henry Blodget. An AOL representative confirmed the information.
In the e-mail sent to U.S. employees on Monday, AOL Chief Executive Randy Falco says that the layoffs are needed to keep the operations efficient as...