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(AFX UK Focus) 2009-11-19 14:09 UPDATE 1-Time Warner's AOL to cut one-third of workforceNEW YORK, Nov 19 (Reuters) - Web company AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spin-off from Time Warner Inc. The struggling Web pioneer, which is slated to become an independent company focused primarily on advertiser-supported content, said on Thursday it has asked for volunteers, but will ...
2009-11-19 - Interactive Investor