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 is restoring its policy of offering matching 401ks to employees without any catches or wrinkles: Tim Armstrong has announced he's reversing AOL's 401k policy. Credit to a CEO who responds to the feedback of his workers.
Sears Canada is laying off 245 workers, the lion’s share in their information technology department, with plans to replace them by partnering with a company that outsources to India, a senior spokesperson confirmed Tuesday.
The finance department will also take a hit with 99 job losses, along with 8 in payroll, said Vince Power, the retailer’s vice president of corporate affairs and communications.
NEW YORK (Reuters) - AOL will cut about 700 jobs, or 10 percent of its workforce, as the Internet services and media company struggles with an advertising downturn and recession, according to an internal memo circulated to employees on Wednesday.