AOL Spinoff May Send Third of Workforce Reeling
From high-flying Internet pioneer to movie punchline: AOL’s nadir may have come when Nicole Kidman’s character in the 2004 remake of “The Stepford Wives” asks a group of husbands of robotic spouses where they work. “AOL,” answers one man. “Is that why the women are so slow?” Kidman responds. The joke offers cold comfort to the AOL employees who found out Thursday that one-third of the workforce — some 2,500 positions — may be let go as the company gets ready to shed itself from parent Time Warner on Dec. 9. That spinoff date was announced earlier this week.
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AOL Spinoff May Send Third of Workforce Reeling
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