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America Online is eliminating another 1,200 jobs, or 8 percent of its work force, as the unit reorganizes itself, copes with an advertising downturn and integrates with the rest of the AOL Time Warner Inc. media conglomerate.An additional 500 jobs are being cut at iPlanet, a software maker that AOL co-owns with Sun Microsystems. IPlanet employees 3,000 people, making the cuts there equivalent to 17 percent of that company s work force.EmploymentCBSNews s online guide to help you Get a Job.The cutbacks will result in a charge against earnings of $100 million to $125 million in the third q
stanley cup uarter, the company announced late Tuesday. It was the second wave of job cuts at the unit since its merger with Time Warner closed in Januar
stanley canada y.Barry Schuler, the chief executive of America Online, said in an interview that the revamp would split AOL into two main units, one focusing on Web brands and another on the AOL service. If you look at the market overall, half of the consumers buy AOL and want the packaged offering, the other half is going into the web and doing their own thing, Schuler said.Schuler said the revamp was driven mainly by a need to streamline AOL s in
stanley tumblers ternal structure, but also to integrate the unit with the rest of AOL Time Warner and to respond to a slower market for online advertising. We ve grown a lot from acquisition, Schuler said. We re eliminating a lot of duplication in management and infrastructure. ... This is something we do every year. What you focus Irbx Clinton: Iran helping Syria in brutal crackdown
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