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CNET AOL to cut up to 1,000 jobs

Mar 25, 1999, 10:29 (0 Talkback[s])
(Other stories by Paul Festa)

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"America Online today announced a sweeping reorganization that includes up to 1,000 job cuts divided between AOL and newly acquired Netscape Communications."

"AOL will cut between 350 and 500 jobs from Netscape and a similar number from its own operations. At the maximum, the cuts would affect about 10 percent of the company's total workforce of about 10,000."

"The reorganization also creates four distinct product groups at AOL: interactive services, interactive properties, Netscape enterprise, and AOL international. Once derided by Silicon Valley insiders, the new firm will attempt to become a bicoastal company by keeping some top executives in California, according to Netscape executive Mike Homer"

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