October 15, 2007
America Online, who recently announced that they would be moving their headquarters from northern Virginia to New York, is cutting their workforce.
The company will cut 2,000 employees or 20% as it continues its transition from internet access provider to an online advertising company. The cuts will include about 1,200 employees in the United States, including 750 in northern Virginia.
The reduction comes on top of 5,000 positions cut last fall following the announcement that AOL would begin giving away AOL.com e-mail accounts, software and other features once reserved for paying subscribers to boost traffic to ad-supported Web sites.