2 posts and columns on Project Everest

AOL: Small Layoff Today, a Voluntary Buyout and, Then…the Big One

in News on November 10, 2009 at 12:00 am PT

Essentially–although AOL is located in New York and not California–it’s going to be like tremors before the Big One at the online company today as about 100 employees are set to be laid off by management. It is part of AOL CEO Tim Armstrong’s “Project Everest”–the code name for cost-cutting across the company. After this small cut, there could be a call for voluntary departures, followed by a much more drastic layoff. The action comes in the same timeframe as the online site’s spinoff from Time Warner.
pinkslip

AOL: More Org Chart Shuffles Coming; So Are Ad Dollars. But Mum on Microsoft.

in Media on September 21, 2009 at 8:15 am PT

CEO Tim Armstrong says he’s still overhauling the Internet company in advance of its spinoff from Time Warner, but he has hopeful noises to make about ad sales. He has nothing, however, to say about chats with Microsoft.
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