Financial Times FT.com

AOL to slash workforce by a third

By Kenneth Li in New York

Published: November 19 2009 15:18 | Last updated: November 19 2009 20:20

AOL on Thursday said it would cut a third of its global workforce, or about 2,500 jobs, in an effort to save $300m annually.

The move comes ahead of its planned spin-off from Time Warner next month.

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