AOL to cut 2,000 jobs worldwide – Los Angeles Times

AOL to cut 2,000 jobs worldwide – Los Angeles Times
plans to cut 2,000 jobs, or one-fifth of its global workforce, to pare costs as part of its transformation from a subscription-based Internet access business to an online advertising forum, Chief Executive Randy Falco told employees in a memo today.

Job cuts will come in all parts of the company, a unit of Time Warner Inc., but one of the areas expected to be most affected is AOL’s Internet-access business.

I guess they should have refocused their efforts and resources a long time ago instead of shipping millions of coasters around the country.