AOL Cuts 750 Jobs
 

The nation's largest Internet service provider, America Online Inc., has begun cutting about 750 jobs, company officials tell CBSNews.com.

More than half of the slashed employees work in AOL's northern Virginia company headquarters. The positions vary from technology development to marketing. No one department saw the brunt of the job losses.

America Online workers in Ohio and California will also be affected, as well as a few in New York. The layoffs were first reported in early November as part of parent company Time Warner's earnings statement.

The report cited a restructuring charge of $50 million, "the cost of providing severance packages to affected employees," explained one America Online official. But AOL did not specify the number of workers to be laid off or their locations in the original report.

http://www.cbsnews.com/stories/2004/...in659634.shtml

As much as we dislike AOL, just remember who owns WinAmp ;)