AOL trims online marketing staff

update America Online is eliminating about 90 positions in its interactive marketing division, sources say.

updateAmerica Online is eliminating about 90 positions in its interactive marketing division, sources close to the company confirmed Tuesday.

The job cuts come a day after the company named a new executive vice president for that division, former USA Networks executive Lisa Brown.

The cuts will be announced Tuesday, the sources said. The division has about 600 employees, after a round of job cuts it made in May.

In the second quarter, AOL's advertising and commerce revenue dropped 42 percent from the previous year, a decrease attributed to the burst of the dot-com bubble.

AOL's new chief executive, Jonathan Miller, also a former USA Networks executive, has been trying to boost the company's sluggish ad sales. Executives are expected to present a plan to parent company AOL Time Warner's board of directors this week, and to the public in December.

In addition, Miller has been reshuffling the executive ranks in anticipation of a strategic shift in operations. Veteran AOL executive Ted Leonsis is taking over the interactive services division, replacing James de Castro.

Featured Video

Your phone's screen is ruining your sleep

Staring at your Phone's screen might be hazardous for your sleep, unless you change the color temperature. Sharon Profis explains on "You're Doing It All Wrong."

by Sharon Profis