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AOL To Cut 500 Workers To Narrow Focus On Mobile, Video (bloomberg.com) 60

According to a report from Bloomberg, AOL is firing as many as 500 employees as part of a restructuring plan to focus on mobile, video and data. The move comes a year after Verizon acquired the company for $4.4 billion. Bloomberg reports: The layoffs are occurring in all of AOL's business units, said the person, who asked not to be identified disclosing the scope of the cuts. AOL employs about 6,400 people worldwide, the person said. In addition to the job cuts, the company will split into two parts, according to the memo. One will be dedicated to media properties, which include Huffington Post and TechCrunch, and the other will focus on platforms, like AOL's advertising technology. "Mobile, video, and data are the key growth drivers of that strategy and the company will be putting resources into each of these areas," [Chief Executive Officer Tim Armstrong wrote in a memo to employees Thursday.] With the wireless industry maturing, AOL parent Verizon has been buying up media and advertising-technology companies and working to refine go90, its free video-streaming service aimed at phone-toting teens.
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AOL To Cut 500 Workers To Narrow Focus On Mobile, Video

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  • I mean, don't get me wrong, I actually owned shares of them due to the AOL/TW merger, and I hacked SimCity because of them.

    But even I thought they were dead.

    What's next, CompuSerrve announces they are doing Internet 3 on Mars?

    • by DrXym ( 126579 )
      AOL bought Compuserve and the service became a skinned version of AOL. Small piece of trivia - the Compuserve fat client used Mozilla / Gecko as its embedded browser near the end of its life. AOL was planning to use Gecko in their main client but Microsoft paid them off with a big heap of money. That's what set things unraveling with Netscape causing Mozilla to be spun off as a non-profit org.
  • by Lucas123 ( 935744 ) on Thursday November 17, 2016 @06:20PM (#53310057) Homepage
    The good ol' days [dialupsound.com].
    • That was fun. I really enjoyed hearing that a couple of times, then I remembered how horrible dialup really was.
      • I remember way back in 1994 entering my senior year in highschool, how we accidently racked up a phone bill in the hundreds of dollars in the first month because we used a number that looked local but wasn't. Ahh dialup..Can't say I miss being disconnected near the end of a 3 hour download that could not be resumed.
      • During that time, I had signed up w/ EarthLink dialup internet service, and sometimes, my roommate would be unable to call me b'cos I was busy on the internet. Those were the days just before cellphones became widespread.
  • Redundancy?
    Me too!

  • ...why would anyone choose AOL, as opposed to the existing heavy hitters - Apple, Google, Facebook, Amazon, et al?
  • the company will split into two parts, according to the memo. One will be dedicated to media properties, which include Huffington Post and TechCrunch, and the other will focus on platforms, like AOL's advertising technology.

    They split the more profitable advertising from the less profitable media properties. Expect more bitterness for the later.

  • Wow, I thought they died in the 90s.
  • Become a First Amendment US brand. Say NO to other nations cults, theocracies, monarchies, celebrities, gov workers, SJW and political parties.
    Sell the freedom of speech only the US offers to the world on a US platform. Attract the fun and dynamic users from other gov friendly global web 2.0 brands.
    Invite them in to enjoy the freedoms the USA has always protected and offered.
    Be the freedom brand that stands out from the boring, safe global gov approved social media. Talk to the brands real users and c
  • The surprising part is that AOL still had 500 employees.

  • I worked at AOL for 4 years. Layoffs happened every year like clockwork around the holiday season. Great people, shitty company.

Have you ever noticed that the people who are always trying to tell you `there's a time for work and a time for play' never find the time for play?

Working...