Adding to the long list of technology titans continuing their attempts to evade the grip of recession, online specialist AOL has embarked on something of an unusual restructuring plan that involves employees offering themselves up for a sweeping job cull.
Please quit... please! Image: AOL.
More pointedly, with AOL preparing to split from Time Warner Inc. in December, the company needs to cut costs, which includes downsizing its workforce, and hopes to contribute towards $300 million USD in savings by asking for 2,500 staff members to voluntarily leap into the gaping precipice of redundancy.
Employing a distinctly nicely, nicely approach, AOL has said any employee freely placing their neck on the chopping block between December 04 and December 11 will receive a contract buyout offer that will help soften the blow.
AOL has also indicated that it will enforce mandatory layoffs if its current allocation of 6,900 workers doesn’t fall by at least one third through the voluntary scheme.
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