As AOL is in the process to restructure as a web content publisher they plan to lay off more than a thousand employees this week alone. The company states that most of these layoffs will happen this coming Wednesday.

This past November AOL told its employees they are starting a “voluntary separation program” which is a program that trys to inspire workers to take a buyout, depending on their position, this can be anywhere from 3-9 months of pay.

The buyout program had more than a thousand takers but it was still not enough to meet the companies goal of cutting about 2,500 of their employees.

Read more on Washington Post

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.