AOL Cuts Workforce By 20 Percent

Published by: Kelly Curtis on 11th Mar 2011 | View all blogs by Kelly Curtis

AOL Cuts Workforce By 20 Percent

AOL said this week that it plans on reducing its total workforce by 20 percent in a move to reduce overlap created by the company's recent acquisition of the Huffington Post. About 200 of the looming job cuts will occur in AOL's US content and technology departments, while the other 700 will be workers from AOL's India offices which are used predominantly for back-office support for US operations.

A spokesman for AOL says that about 300 of the laid-off employees will be given jobs at other companies who are brought in to take over support functions. After the new round of job cuts, AOL will be left with a staff of about 3,500 in the US and 500 internationally. The total of 4,000 workers is about one-fifth of the more than 20,000 people AOL employed at its height in 2004.

Before the days of widely available broadband Internet access, AOL was the king of the dial-up world. But in recent years the company has been trying to reinvent itself as an entity specializing in advertising and content. The company paid $315 million last week to acquire the online newspaper The Huffington Post as part of an ongoing effort to become a major Internet destination for news and other content.

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