After telling its investors that $US200 million has been put aside to jettison a third of its payroll, AOL is looking for 2500 staff to take voluntary redundancies — jump now, or be pushed later.
It’s all designed to shave about $US300 million off its annual $US1.8 billion operating expenses. Instant messaging client, ICQ, is also up for sale, and Mapquest could be next. As always, we’re surprised that AOL still exists. [Business Insider]