PR BLACK EYE. It will be some time before AOL will be able to make up for the subscriber revenue shortfall through ad sales. So analysts expect cuts in operating costs, including a reduction in staff size. “Their revenues are going to be less, and it’s an obvious step that you have to reduce expenses when you purposefully reduce revenue,” says Hallerman.
Analysts declined to speculate on just how much cutting AOL would have to do. But it’s not a stretch to think the company could eventually dissolve its entire embattled customer-service and retention departments, says Jason Helfstein, an analyst with CIBC World Markets.
AOL has faced a barrage of negative press and legal action over its aggressive customer service department, which had a policy of rewarding employees who “saved” customers calling to cancel. In 2005, the company paid New York State more than $1 million in fines after about 300 people called to complain that they had difficulty canceling their service. This year, a former AOL customer Vincent Ferrari recorded a heated, grueling 21-minute attempt to cancel his account and posted the resulting audio over the Internet.
Yep. Tomorrow’s the day. Read more about it at BusinessWeek.
[tags]aol, businessweek[/tags]