“AOL will begin a much-anticipated mass layoff round today, the head of HR wrote to staff. Fired workers — an estimated 1,400 of them — will largely be leaving on Wednesday. Then the internet conglomerate can hire in India. AOL is planing to expand its technical staff in South Asia, according to briefings within the company earlier this month. But first the company, in the midst of a major restructuring under CEO Tim Armstrong, must make major cuts stateside. By spreading the cuts among AOL’s offices, the company will avoid having to give costly, lengthy firing notices under the federal Worker Adjustment and Retraining Notification act. Let’s hear it for the bottom line.”
(Source: Memo: AOL Says Nuclear Layoffs Begin Today – AOL – Gawker.)
Leave a Reply