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(AFX UK Focus) 2009-11-19 15:29 UPDATE 2-Time Warner's AOL to cut one-third of workforceNEW YORK, Nov 19 (Reuters) - 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 the Internet company's planned spin-off from Time Warner Inc. The struggling Web pioneer, which is now focused primarily on advertising-supported content, said on Thursday that it would start with a volunteer buyout program and move on ...
2009-11-19 - Interactive Investor