AOL to make more UK job cuts

AOL is significantly reducing its UK staff and closing its Spanish and Swedish offices as it continues to cut its head count by a third.

AOL has taken the steps having shed 1,100 global staff from its total of 6,900 via the voluntary redundancy scheme begun in November.

An involuntary redundancy scheme is now being put in place to hit the final head count target, with staff at AOL’s other European offices set to be affected.

An AOL spokesman said it remained committed to the UK, which was included in the voluntary redundancy scheme, but refused to disclose the number of job losses it faced.

“The internet landscape has become increasingly competitive and we are making difficult choices to take costs out of the business and ensure AOL’s sustainability and future success,” he said.

“We will be significantly reducing our UK staff, but will continue to have a robust advertising operation as well as a consumer offering.”

He added social network Bebo continues to form part of AOL Ventures.

This story first appeared on newmediaage.co.uk

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