AOL Layoffs Happening Today
Looks like the ax is falling at AOL today, according to a report posted this morning by Silicon Alley Insider.
In an internal memo, the company announced in January that it would be laying off workers as a result of the economic recession and a sharp reduction in spending by online marketers. The company's plan is to shed about 10 percent of its workforce, or 700 workers, by the end of March. Most of the firings taking place today are, reportedly, at AOL's Dulles campus.
If you or anybody you know has been affected by the news, please drop me a line or post a comment below. I just called AOL and was told that the top person listed as their corporate media contact no longer works at the company.
March 10, 2009; 12:28 PM ET
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