Thursday, October 20, 2005

AOL cuts 4 percent staff

America Online Inc. (AOL) has cut more than 700 employees, or about 4%, from its workforce of nearly 20,000 employees, a company spokesman said. Most of those losing their jobs worked in providing support to AOL members, whose numbers have been decreasing.

On March 31, 2005, AOL had 21.7 million U.S. subscribers in its fee-based service, down 2.3 million from the same period in 2004 and down 4.5 million from the first quarter of 2003.

AOL, a Time Warner Inc. unit, has been reportedly in recent weeks in talks at different times with Google, Microsoft and Yahoo. over these companies' interest to acquire all or part of AOL. Let's see what happens with AOL too

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