A spokesperson for AOL has revealed that the internet company could soon be facing a slew of job cuts after a review of the company’s finances. The news came at a companywide meeting from AOL’s CEO Tim Armstrong, who warned employees to be prepared for the worst pending AOL’s financial evaluation. 
 
Armstrong’s comments point to problems within the company, essentially underlining the AOL’s needs to cut costs as the economic crisis continues to take its toll on businesses around the world. The company’s spokesperson did not reveal exactly how many jobs were in danger.
 
AOL is a subsidiary of Time Warner Inc. …read more

Once upon a time, Time Warner and AOL seemed like the perfect marriage. Now, those two companies are getting a divorce. Following the separation, each company should be able to concentrate on their respective niches.
“We believe that a separation will be the best outcome for both Time Warner and AOL,” said Jeff Bewkes, the CEO of Time Warner. “The separation will be another critical step in the reshaping of Time Warner that we started at the beginning of last year, enabling us to focus to an even greater degree on our core content businesses.”
After AOL is on its own, it …read more