Feeds

AOL sets itself mountain to climb with 1,400 layoffs

Wrinkly web outfit axes offices in Sweden and Spain

Choosing a cloud hosting partner with confidence

AOL began a series of job cuts yesterday, after it failed to convince 2,500 of its employees to take voluntary redundancy at the firm, which was spun out of Time Warner late last year.

The limping web outfit announced plans to axe jobs in November 2009. Since then, only 1,100 of its workers have taken voluntary redundancy, leaving AOL with little choice but to lay-off another 1,400 staff.

The company said in a statement that it planned to close some offices in Europe, starting with its operations in Spain and Sweden. AOL has also had discussion with its employees in the UK, Germany and France.

It will begin talks with various Workers’ Councils throughout Europe next week.

Meanwhile, a smaller number of AOL employees in the US will be laid off, with the firm planning to pass a pink slip to those individuals by end of play tomorrow. AOL did not confirm how many Stateside employees were up for the chop.

“We will be offering packages to impacted employees in the US that will include severance, benefits and outplacement assistance, among other things,” said AOL, which has ominously dubbed phase one of its “turnaround” as Project Everest. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.