1,100 people took the buyouts AOL offered last month, but since that wasn’t enough to meet the company’s goals, about 1,200 will be let go this week. AOL is also planning to close offices in Spain, Sweden and Germany.
In a statement, AOL said some U.S. staffers would be notified of layoffs today, but a bulk of the pink slips would be going out on Wednesday.
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AOL Layoffs Start Today, Pick Up Steam As Week Goes On –Silicon Alley Insider
Previously: AOL Looks To Trim One Third Of Staff