Mike HackmerMike Hackmer

  • Services
  • Podcasts and Webinars
  • Perspectives
  • Data and Trends
  • Blog
  • About
  • Contact

AOL Board Approves Reduction of 7,000 In Work Force

by Michael Hackmer / Thursday, 24 December 2009 / Published in Upcoming Events

AOL’s board officially approved layoffs of approximately 7,000 workers (about 1/3 the company’s total workforce) yesterday. The company had announced the layoffs previously, but this was the first official act by the board since AOL became a separate company from Time Warner a few weeks ago.

The news pushed AOL’s stock higher in the NYSE this past week, however, AOL faces a number of challenges as seeks to stand on its own two-feet.

Namely, AOL was the only top 5 web property in the US to have year over year declines in visitors to its web sites. In fact, AOL has suffered a 28% year over year decline in its subscriber base.

Despite the layoffs and some declines in subscribers,  AOL continues to adapt and reshape itself. A recent Wall Street Journal report noted that the company was in talks to sell its ICQ instant-messaging service in a deal that could inject some fresh capital into the company – ranging from $175 million to $300 million.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Tweet
Tagged under: AOL, ICQ, layoffs

About Michael Hackmer

Michael Hackmer is the founder of Social Web Tactics (www.socialwebtactics.com), a digital marketing and sales agency focused on providing businesses and organizations the ability to connect with their audience using the latest and most effective digital technologies and tools. He has been a speaker, consultant and marketing strategist for over 15 years. He also has worked in federal and state government relations, and managed industry affairs and association membership. He has developed digital and strategic marketing campaigns for companies including: Adobe, Deltek, HP, K12, Red Hat, Strayer University and more. He has helped non-profits and corporations with marketing automation solutions. He is originally born in Boston, MA. Graduated Phillips Academy, Andover in 1994. Received his B.A. in Politics from The Catholic University of America in 1998. Michael lives in Ashburn, Virginia with his wife and daughter. He loves to run, swim and travel throughout South America.

What you can read next

Webinar video on US Electronic Program Guide now available for download
Dear Yahoo: I Am Terminating My Account
Other thoughts from Blog Potomac: blog with your customers in mind

Recent Posts

  • Quantum Leap Forward

    Multiplying Your Personal Effectiveness In Quantum Leaps

    You2 is a formula for dramatically improving on...
  • Healthy Living

    Healthy Living: Vitamin D can help reduce coronavirus risk by 54% according to Boston University doctor

    Vitamin D can help reduce coronavirus risk by 5...
  • How To Get Started Identifying Your Target Audience

    Who is going to buy from you? Or use your servi...
  • When Just the Facts Are What Is Missing

    When Just the Facts Are What Is Missing

    With growing bias and subjectivity in our news,...
  • Stay Home - Save Lives - AdobeStock_334374864 2000 x 500

    Being Pragmatic About COVID-19 At Work

    Warning: A proud Dad tells a story about his ol...

SERVICES

  • Strategy
  • Audiences
  • Experiences

PERSPECTIVES

  • Top Marketing and Communications Challenges
  • Ideas for Your Next Marketing or Communications Campaign
  • Business Trends for 2023
  • Government Trends for 2023

STATISTICS AND TRENDS

  • Latest Data (Home)
  • Business Trends
  • Cybersecurity

NETCASTS / PODCASTS

  • Netcasts, Podcasts and Webinars
  • OPTIMISTIC Talk
  • Webinar & Report: Top Communications and Marketing Challenges
  • Webinar & Report: Ideas for Your Next Marketing or Communications Campaign
  • Webinar: How To Use Search Engine Optimization To Create Effective Content
  • Webinar: How To Create A Successful Lead Generation Webinar
  • Webinar & Report: Business Trends for 2023
  • Webinar & Report: Government Trends for 2023

FOLLOW MIKE HACKMER

© 2022 Michael Hackmer LLC | All rights reserved. | Disclaimer, Terms and Conditions

Contact   571-271-5976
TOP