ADOTAS – Initial reports suggested that layoffs wouldn’t top a grand, but the latest numbers surrounding AOL’s spinoff from Time Warner have the dwindling Internet dinosaur shedding a third of its staff.
AOL is asking for 2,500 volunteers to accept buyouts; layoffs will follow if not enough people sign up to be sacrificed. Currently the company employs 6,900 people after parting with 800 over 2009. In addition to restructuring charges of $200 million, the company aims to slash operating expenses by $300 million.
The company did not mention where layoffs would be implemented; while it’s headquartered in New York, AOL also has a large presence in Northern Virginia.