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September 01, 2020 10:18am
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As AOL Heads For An IPO, It Leaves 2500 Employees Behind

AOL CEO Tim Armstrong this morning informed staff that the company will be looking for 2,500 people to voluntarily hand in their resignations , which would represent about one third of the company’s payroll. The news comes a mere week after AOL, which is preparing to spin off Time Warner and go public , said it would be firing at least 1,000 employees and spend about $200 million cleaning house prior to the planned IPO.
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