Dennis Faas's picture

Good and Bad News from AOL

It has been a bittersweet day for America Online. On the same morning the company announces that it has beaten industry giants Microsoft and Google in launching the first online storage system, the company has at the same time admitted that it must ... lay off 5,000 employees. The cuts represent nearly a quarter of the AOL's manpower, and are part of a massive restructuring effort across all of its international offices. The hardest hit branches may be those located in Europe, as rumours abound that the entire United Kingdom arm of AOL could be severed. In desperation to regain some of its once- ... (view more)

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