AOL Sacks 20% of Its 10,000 Staff
The big news yesterday was that AOL has released approx 20% of its entire staff. That is about 2,000 people. AllthingsD received an email from AOL CEO explaining what they are trying to achieve and why restructuring was necessary.
AOL has purchased3 key advertising networks this year: Tacoda, AdTech and Third Screen Media. These networks will be tied in to AOLs main advertising network, Advertising.com. The overall aim for AOL must be to either, merge these networks and then sell or IPO. However, with the downsizing they have been doing will they any staff left by the time they sell or IPO?
