Starting today, AOL is cutting 2,000 jobs, or about a fifth of its workforce, as the struggling Internet company tries to transform itself from a subscription-based provider to an ad-based Internet portal. The job cuts—1,250 of which are in the U.S.—will help AOL with that transition, but “they’re still not going to overtake Google or even Yahoo” anytime soon, said eMarketer analyst David Hallerman. (The Washington Post)
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