AOL To Take $200 Million In Restructuring Charges; Expect Large Layoffs

Date: November 12, 2009, 9:52 AM ET 

By: Eric Savitz

Source: http://blogs.barrons.com

There are almost certainly large layoffs coming at AOL.

In a document filed with the SEC today in connection with the company’s pending spinoff from Time Warner (TWX), AOL said it expects to take $200 million to cover “additional restructuring activities,” with all of the hit coming from from the date of the spin through the first half of 2010.

Read more: http://blogs.barrons.com/techtraderdaily/2009/11/12/aol-to-take-200-million-in-restructuring-charges-expect-large-layoffs/