News

AOL cuts another 700 jobs

Time Warner is cutting another 700 jobs at its AOL web portal subsidiary in response to a downturn in advertising revenue.

Time Warner has been touting the AOL advertising business to both Yahoo and Microsoft.

The reduced headcount at AOL may mean a sell-off deal becomes closer. Most of the job cuts will take place in the US by the end of March.

Thousands of AOL staff have been axed over the last few years, as the company failed to create a viable broadband business and users migrated away from dial-up webmail subscriptions.

The company though, says its webmail is still the second most popular free e-mail service.

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