Feeds

Netscape staff wait to see who’s for the chop

AOL started off offering an extra month’s pay to get them to stay – so much for loyalty

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

It's an unpleasant time for Netscape employees as they wait for leading Internet company, AOL, to decide exactly where the axe is to fall and which jobs will be slashed. Reports from the US suggest that as many as one in five jobs could go as AOL -- which completed its acquisition of Netscape last week -- cuts costs and embarks on a series of structural changes at the once pioneering Net company. It is also rumoured that AOL may use this as an opportunity to wave the axe around making cuts to its own management and internal structure. Rachel O'Neil, a spokeswoman for AOL UK, refused to comment on the speculation insisting it was a matter for the US. Unfortunately, no one was available for comment this afternoon and Jim Whitney, AOL's media spokesman who is responsible for handling such high profile enquiries, failed to return calls before this article was published. If true, the job cuts will come as an acute embarrassment to the company that only recently offered every Netscape employee an extra month's wages just to stay with the company until the deal was confirmed. Now it seems that as many as 500 people could lose their jobs. ®

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.