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
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
One great cookbook: Joshua McFadden’s ‘Six Seasons of Pasta’the week recommends The pasta you know and love. But ever so much better.
-
Scientists are worried about amoebasUnder the radar Small and very mighty
-
Buddhist monks’ US walk for peaceUnder the Radar Crowds have turned out on the roads from California to Washington and ‘millions are finding hope in their journey’
