AOL fires 5000 people, over 25% of workforce
- By: The Founder [privmsg - website] On 3rd Aug 2006 In
5,000 of the company's 19,000 worldwide positions would be eliminated, Google, Yahoo and MSN cited as part of the reason, Full Story
This is upsetting... these people that have kids, mortgages.
- Y! MyWeb
Having gone through layoffs
Having gone through layoffs long ago, its rough to go through, especially with such a huge number of layoffs. I feel for those folks.
Even though I own a bit of
Even though I own a bit of Google stock and they own a bit of AOL
whenever I see an AOL CD I still have the same policy I always did
take (at least) one, and throw it away
too little too late for them
Hopefully most are from the
Hopefully most are from the sales dept:
http://consumerist.com/consumer/exclusive/aol-retention-manual-revealed-188005.php
http://www.platinax.co.uk/blogs/brian/01-08-2006/when-marketing-is-too-aggressive/
Internet rust belt
Repeat of the industrial fall out of late 60's, early 70's.
The early ones out have a better chance of getting some job in another tech area.
Face it, consolidation, outshoring, automization will continue to have a enormous affect within this tech sector.
I have been through this type of tech swing in the 90's in a different market. Thats why I am doing what I do today.