More NewsAOL Set to Drop 20 Percent of Staff

AOL Set to Drop 20 Percent of Staff

AOL is set to lay off a whopping 2,000 staffers according to a letter sent to the company's employees by CEO Randy Falco

AOL is set to lay off a whopping 2,000 staffers according to a letter sent to the company’s employees by CEO Randy Falco.

As part of its realignment to focus on three core areas (its Platform A ad unit, publishing and Web access and e-mail business, AOL will begin reducing staff tomorrow, dropping about 2,000 of its 10,000 employees worldwide in the next couple months.

“We added hundreds of people this year through acquisitions,” Falco reminded workers in the e-mail. Whether staff from new acquisitions Tacoda, ThirdScreen Media or AdTech will be among the pink-slipped remains to be seen.

“The last important piece in this transition is the realignment of our costs against these three businesses so we can operate as efficiently and effectively as possible,” wrote Falco. “This is in many ways the most difficult step, but a necessary one….We will aid these individuals in their transition to new opportunities as much as possible, most importantly with what we believe are generous severance packages.”

Related Articles

GDPR: The role of technology in data compliance

Data & Analytics GDPR: The role of technology in data compliance

3w Clark Boyd
What companies can learn from the We-Vibe lawsuit about the Internet of Things

Legal & Regulatory What companies can learn from the We-Vibe lawsuit about the Internet of Things

8m Al Roberts
Has advertising arrived on Google Home?

Media Has advertising arrived on Google Home?

8m Al Roberts
Is Twitter slowly dying?

More News Is Twitter slowly dying?

9m Al Roberts
FedEx launches fulfillment service to take on Amazon

Ecommerce FedEx launches fulfillment service to take on Amazon

9m Al Roberts
Target is the top retail digital marketer, so why is it struggling?

Ecommerce Target is the top retail digital marketer, so why is it struggling?

8m Al Roberts
YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

More News YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

9m Al Roberts
YouTube is getting rid of 30-second unskippable pre-roll ads

Ad Industry Metrics YouTube is getting rid of 30-second unskippable pre-roll ads

9m Al Roberts