AOL to announce more mass layoffs

Poor AOL. Once the only major player in the online market, it's now just a shell of what it used to be, and the company is expected to axe another sweeping group of employees, including executives. Sadly, it's not much of a surprise, as the company is struggling to find a new voice in the 21st century. This time it's targeting those who work on its communications platforms.

That means people who help with the development and management of AOL e-mail, webmail, and instant messaging are at risk of losing their jobs. According to media reports, the number of employees who will be cut is 40. It's part of the company's continuing transition to move away from what it was known for 15 years ago and grow into something brand new and relevant.

It's funny to think that at one point, AOL was so powerful that it actually acquired Time Warner. Just think about that for a moment. Now, having any connection to AOL is almost seen as a stigma. And employees certainly don't have perfect job security. In the last six months, numerous high-ranking AOL executives have been removed from the company.

[via VentureBeat]