AOL will eliminate about 200 jobs in the U.S. and 700 in India as it integrates the newly acquired Huffington Post, it says.AOL Inc. is planning to cut its workforce by about 20%, or more than 900 of the 5,000 employees it has on its payroll worldwide.
AOL Inc. (AOL), the Internet company that agreed to buy the Huffington Post last month, said it will eliminate as many as 900 jobs as the company integrates the news website and restructures to try to return to revenue growth.
AOL said it will slash nearly 20 percent of its work force worldwide, partly to eliminate overlap that stems from its recent purchase of The Huffington Post. The cuts leave AOL with 4,000 employees — a fifth of what the company had at its peak in 2004.» E-Mail This » Add to Del.icio.us
Siemens AG’s new Chief Executive Officer Joe Kaeser is widening job cuts from an initial plan after the failure to catch up in profitability with rivals General Electric Co. and ABB Ltd. cost his predecessor the job.
The company will eliminate 15,000 posts, representing 4% of its 370,000 workers worldwide, and a third of the reduction will come in the German home market, Oliver Santen, a Siemens spokesman, said by phone yesterday. He declined to give more regional details. The company has more than 4,500 employees in Canada.
OTTAWA — Canada’s labour market is back to where it began a year ago, with nearly flat growth over the past 12 months.
After huge swings, from gains to losses to more gains, employment dipped again last month — not by much, but enough to cause more head scratching by economists and policymakers.
Between February of this year and the same month in 2013, job growth amounted to a meagre 0.5%. Viewed a different way, when all the gains and losses are tallied, the economy added only 94,700 workers year-over-year.
AOL is changing the way it matches the money its employees are socking away in their 401(k)s. Instead of matching contributions throughout the year, AOL will now wait until the year is over. This change has some AOL employees very upset.