AOL LLC, an Internet company struggling to adapt to an advertising-driven economy, is looking to shed more than a third of its work force as it prepares to spin off from Time Warner Inc. next month.
AOL, which now employs 6,900 workers, is asking for 2,500 volunteers to accept buyouts and plans to resort to layoffs if it does not get enough people.
The voluntary offer is open to all employees from Dec. 4 though Dec. 11, AOL spokeswoman Tricia Primrose said. Time Warner, the New York media conglomerate, plans to spin AOL off as a separate company, AOL Inc., on Dec. 9.
AOL hopes to trim annual costs by about US$300 million. The job cuts still need approval from the new AOL board.
Primrose would not say where the cuts would occur or what positions they would involve. The company is based in New York but also has major operations in Northern Virginia.
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