AOL to cut more than 20 percent of jobs

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NEWS IN BRIEF: AOL, as expected by many, have decided to let 20 percent of the workforce (or 10,000) to be let go. “Put simply, my vision for AOL is to build the largest and most sophisticated global advertising network while we grow the size and engagement of our worldwide audience,” CEO Randy Falco wrote in a letter to those who are to be redundant.

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