AOL: Another Round of Firings Expected in December
Nothing confirmed, but one of our AOL moles was kind enough to explain what the he/she hears is up with those rumored December firings: They are reportedly just the second phase of the massive October blood-letting. "A nice holiday gift, but not new news."
(Well, not new news to high-level AOL insiders. Presumably news to some of the soon-to-be-whacked.)
Another source says D-Day is December 11th. A third reports that the sales force will get hit. An SAI reader adds the following, which suggests that some of the new firings, at least, ARE new news:
The word has come down from New York that more cuts are required, given the performance of the business. At this point, it should be clear to [AOL EVPs] Kevin Conroy and Ted Cahall that they are just managing a cost center in Dulles, and each business "challenge" AOL faces will result in a new Ron [Grant] memo on further reductions.
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Silicon Valley Insider | Henry Blodget | November 30, 2007 10:28 AM