Massive Layoffs At AOL 565
JLavezzo writes "Several news sites are reporting that the United States' largest ISP has laid off 750 employees. My sources at AOL put the actual number at approximately 950 regular employees and 300 contractors from various departments including new technology and marketing. The contractors aren't mentioned by the news outlets. Severance packages are known to include up to four months pay and keeping laid off employees on the AOL payroll through February (to retain health insurance). With most of the layoffs coming from the Northern Virginia offices, what are their hopes for finding new jobs?"