March 16, 2009
As you may have heard, Google’s (GOOG) Tim Armstrong has become chairman and CEO of the troubled AOL Web property. Here is what he had to say to his new employees. Keep an eye out for the chopping block in the next couple weeks as he makes his rounds to check out the clearly broken [...]
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January 28, 2009
AOL CEO Randy Falco’s letter to the staff about laying off 10 percent of its workforce (around 700 people). Falco blames the economy flattening advertising revenue. Looks like pouring money into Platform A, AOL’s advertising network which launched September 2007, wasn’t a good idea. Here is the letter:
Dear AOL colleagues,
I’m writing to tell you about [...]
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