Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


AOL to cut one-third of staff

By Published on .

New York—AOL Inc., which will be spun off from Time Warner on Dec. 9, plans to cut its staff by one-third, or about 2,500 workers, according to documents filed Thursday with the Securities and Exchange Commission.

The restructuring will “be conducted on a voluntary and involuntary basis,” the filing said. AOL hopes to reduce its annual operating costs by $300 million. The company said it expects to take a restructuring charge of up to $200 million.

Most Popular
In this article: