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AOL lays off 100 employees

ASSOCIATED PRESS PHOTOGRAPHS AOL is separating from Time Warner Inc. and has named eight new directors to its board. The separation will undo a 2001 merger that led the Internet company to record losses the next year. AOL CEO Tim Armstrong will serve as chairman of the board.ASSOCIATED PRESS PHOTOGRAPHS AOL is separating from Time Warner Inc. and has named eight new directors to its board. The separation will undo a 2001 merger that led the Internet company to record losses the next year. AOL CEO Tim Armstrong will serve as chairman of the board.

By

The Washington Times

Tuesday, November 10, 2009

SAN FRANCISCO | Internet company AOL LLC, which will soon be spun off from parent Time Warner Inc., laid off about 100 full-time employees Tuesday.

AOL spokeswoman Tricia Primrose said the layoffs were spread across the company.

The company will have about 6,900 employees after the job cuts.

New York-based AOL is expected to announce a larger restructuring plan as it separates from Time Warner. The split is expected by the end of this year.

Time Warner, which was initially purchased by AOL in 2001, said in May that it would spin AOL off after years of trying unsuccessfully to integrate the two companies. AOL’s Internet access business has long been fading, while efforts to derive more revenue from online advertising have encountered difficulties.

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