AOL plans to layoff as many as 40 employees, and the cuts will come mostly from the company's instant-messaging and e-mail units, according to a published report.
Eric van Miltenburg, senior vice president of operations, and Jason Shellen, who was overseeing AIM, are also leaving, according to AllThingsD, which broke the story.
Tim Armstrong, AOL's chief, is supposed to be leading a turnaround of the company. In the past year, however, revenue has continued to fall as top executives shuffle in and out.
A company representative wasn't immediately available to comment.
AOL is now facing a challenge … Read more