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)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.