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"AOL is not doing well. The company started some serious restructuring of its workforce two years ago, and it's been cutting it down ever since. \nNow, AOL has announced they need to fire 2,500 employees, and they're looking for volunteers. From their filing with the SEC:\n\"On November 19, 2009, AOL Inc. (the \"Company\") informed its employees of proposed restructuring activities as part of its continuing cost reduction initiatives aimed at aligning the Company's organizational structure and costs with its strategy (the \"Restructuring\") ... It is anticipated that, if approved, the Restructuring will include the reduction of approximately a third of the Company's current employee base, which will be conducted on a voluntary and involuntary basis. The goal of the Restructuring is to reduce ongoing annual operating costs by approximately $300 million. If the Restructuring is approved, the Company expects to incur restructuring charges of up to $200 million, substantially all of which is expected to be incurred from the date of the Spin-off through the first half of 2010.\"\nAdditionally, AOL CEO Tim Armstrong is giving up his entire 2009 bonus, which amounts to approx. $1.5 million. It'll be of little consolation to the third of the workforce that's about to leave the company in search for greener pastures."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2009/11/19/aol-layoffs-2/>