China Financial Daily

AOL layoffs: Sources said AOL plans to lay off 500 people in Bangalore, India
March 6, according to foreign media reports, sources, America Online (AOL, 20.05, -0.45%) (AOL) plans to lay off 500 people in Bangalore, India. AOL currently has 750 employees in Bangalore. However, AOL has not made any comment.

AOL layoffs: AOL board of directors approved layoffs in a third of the total number, so about 7,000 people will be laid off
News on December 23, 2009: According to foreign media reports, AOL Tuesday announced that its Board of Directors has approved a plan to lay off one-third of the current AOL the total number of employees is about 7,000. The layoff plan is AOL’s previously announced cost-cutting plan as part of the content.

AOL side said that the layoffs are expected to produce up to 200 million U.S. dollars in restructuring costs, including payment to employees of the 150 million U.S. dollars in severance pay and allowances.

Earlier this month, AOL has officially spun off from Time Warner in.