AOL and Starbucks Announce Major Job Cuts: Round Two of Layoffs

The year is off to a somber start for many workers, with news of more job cuts coming amid tough times generally. Major companies announced massive layoffs this week, blaming the weak economy. AOL Inc. chief executive Randy Falco sent an internal memo to employees today about plans to cut about 700 jobs, 10 percent of its workforce. AOL, a division of Time Warner Inc., serves as an Internet services and media company. But with the recession, many online marketers are tightening advertising...Full Story
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