As it sought to aggressively cut costs toward the end of last year, AOL had hoped it could entice 2,500 people to accept buyout offers. It turns out that didn’t happen, and as a result the company will soon conduct a round of layoffs designed to bring its expenses into line with its cash flow.
How many will get pink slips is unclear. One report has it that 1,100 took the buyout. If true, that suggests an additional 1,400 will be shown the door in the coming weeks and months.
A spokesperson said, “The Voluntary program has closed and we did not reach 2,500 so the next part of our restructuring will include an involuntary layoff.”
Despite the fact that it faces growing competition from Facebook, Instagram and Snapchat, Google-owned YouTube is still one of the most popular ... read more
Amazon prides itself on being the most “customer-centric” company in the world, but according to investigative journalism non-profit ProPublica, Amazon’s algorithms are often anything but ... read more