Internet holding company AOL, drowning in debt and ever-growing losses, decided in the near future to reduce every fifth employee. Most work will lose about 4000 people. Zastronut dismissal of employees of all divisions of the holding. 200 people will be axed in the U.S. 700 – in India.

The company is experiencing is clearly not the best of times: in 2004, at their peak, it employed over 20 thousand people. Since then much has changed. And the only question that will meet the leadership of the corporation in the future – whether to save it at all. In recent years, switched to holding the transformation itself in the media. Not so long ago, AOL bought the social internet newspaper Huffington Post – over 315 million dollars. Recently, the corporation also controls TechCrunch, Engadget, and several other specialized media. In the near future the company will continue to restructure its business. Objective – to reduce costs as much as possible, and get rid of noncore businesses. In the past year, by the way, AOL has sold ICQ Russian company Digital Sky Technologies (now – Mail.ru Group).

Recently, Internet Holding announced its financial results showed its activity in 2010. Losses of up to 12 months amounted to 782.5 million dollars. And this despite the fact that even in the 2009th it was a “plus” – 248.8 million The fact that AOL is losing advertisers: in the fourth quarter of 2010, revenues from advertising sales, the company fell to 331.6 million dollars . For comparison: in the October-December 2009, they accounted for 468.6 million subscriber base dial-up Internet access (dial-up), too, has been steadily declining.