Where are the layoffs coming from?
AOL is laying off lots of folks. Here’s where the layoffs are coming from, according to WaPo via Valleywag:
* Forty-five people from AOL’s free CD department were given paid leave last month to look for new jobs.
* AOL says it will sell its European dial-up division. That will rid it of 3,000 employees (in addition to the 5,000 being laid off) in Britain, France, and Germany alone.
* AOL’s handing out severance packages and job-search help, which is a classy gesture but drives up the cost of the layoffs. (Time Warner expects to spend up to $350 million on phase-changing AOL, a good chunk of that covering severances.)
Sheesh. I notice no executives are on their way out. Isn’t that the way it always goes?
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