Is AOL leaner and meaner, or just smaller?
In the years following its merger with TimeWarner, AOL has actually become smaller and smaller as its subscriber base continues to shrink and the size of its workforce goes into freefall. AOL had more than 20,000 employees in 2004, but is now down to 6,900 and, after its latest round of layoffs, will drop to 4,400. In its core business, dialup Internet access, it had 26.7 million subscribers. It is now down to 5.4 million, and has been losing 200,000 a month in 2009. AOL will now cut its workforce by close to 2,500 workers as it is spun off from its parent company, TimeWarner, and becomes an independent, publicly traded company. AOL said it would first ask for volunteers and then resort to layoffs if it didn’t get 2,500 people to go along with the buyout package. For more, read the New York Times