AOL to “significantly reduce” UK staff
AOL plans to “significantly reduce” its UK staff, as it moves to slash a third of its global staff.
Ahead of its spin-off from Time-Warner in December, AOL announced that it would be cutting 2,300 jobs around the world. Since then, 1,100 employees have taken voluntary redundancies.
AOL will now begin implementing redundancies in the US, and has begun meeting with European employee leaders as it looks to shut down “many” offices across Europe, starting with locations in Spain and Sweden, followed by Germany and France.
It will also close an office in Seattle, Washington.
Details were scarce regarding the exact number of jobs to be cut in the UK, with AOL confirming only that it “will be significantly reducing UK staff, but will continue to have a robust advertising operation as well as a consumer offering.”
“Ireland will remain a core technology development centre for the company.”