AOL Time Warner ditches 2000 jobs
Win some, lose some
Posted in Business, 24th January 2001 11:44 GMT
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AOL Time Warner is to ditch more than 2000 jobs in a bid to cut costs and eliminate duplication following the company's $106 billion monster merger.
The job cuts are across the board affecting the giant's publishing, music and film divisions.
According to Variety.com, some 700 will go at AOL's offices in Dulles, Virginia.
Staff are being told of the cuts this week.
However, a spokeswoman for AOL UK told The Register that no jobs would be lost in Britain as part of the rationalisation.
"We're not affected," she said, adding that AOL UK was currently "experiencing tremendous growth".
When the merger took place AOL Time Warner pledged to reduce overheads by $1 billion. ®
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