“America Online on Wednesday announced it would reorganize into
four product groups, including one devoted to Netscape
Communications’ operations, and would lay off between 700 and 1,000
workers from AOL and Netscape combined.”
“AOL said it would eliminate between 350 and 500 jobs both
internally and at Netscape. Currently, about 12,000 people work at
the two companies, including about 2,500 at Netscape. AOL spokesman
Jim Whitney said the company would be finalizing over the next few
weeks what jobs in which areas of the companies would be cut.”