2,000 to perish at AOL so Randy Falco can spend their salaries else where

Adding to the already heavy unemployment rate, Time Warner's AOL will tell 2,000 employees, "Thank you, but fuck you". You know how this goes, when a company wants to focus on high growth areas and they have to find the money to do so. Its not like they couldn't take from Randy Falco's salary and his crazy eyed number two Ronny boy. Cost savings will allow AOL to invest in high-growth areas, Chief Executive Officer Randy Falco said today in a memo confirmed by Bentley. Last month, AOL announced plans to move its corporate headquarters to New York from Dulles, Virginia and set up a network to help advertisers buy online ads. Second-quarter sales at AOL plunged 38 percent to $1.3 billion as the unit lost 1.1 million paying subscribers, New York-based Time Warner said in August. Time Warner's AOL Internet Division to Cut 2,000 Jobs [Bloomberg]