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AOL to Lay off a Third of Its Workforce
Source:
PC Magazine
NEW YORK, NY - 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 perform involuntary layoffs if enough workers do not step up. AOL expects to take ...
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Linkedin Cuts 10 Percent of Workforce
Source:
PC Magazine
SAN FRANCISCO - LinkedIn, the career-oriented, social networking website, is laying off 10 percent of its staff in the latest sign that the economic slowdown is impacting in Silicon Valley. The company said it is eliminating 36 positions as part of a restructuring to focus on businesses that are generating revenue. Kay Luo, the company's senior director of communications, said in an email that the layoffs are intended to ensure that the company remains cash-flow positive. LinkedIn, with more than ...
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