AOL's Slow Death Continues: A Third of Staff Must Go

After telling its investors that $200 million has been put aside to jettison a third of its payroll, AOL is looking for 2,500 staff to take voluntary redundancies—jump now, or be pushed later. It's all designed to shave about $300 million off its annual 1.8 billion operating expenses. Instant messaging client, ICQ, is also up for sale, and Mapquest could be next. As always, we're surprised that AOL still even exists. [Business Insider]