The newly combined
AOL Time Warner
will slash 2,000 to 2,500 jobs, according to a report by
Citing unnamed sources, the Web site reported that the media colossus will cut up to 3% of its 85,000 workers -- cuts that come on top of 400 already announced at
AOL has a pattern of downsizing after mergers, including laying off 850 of its 12,000 workers after it acquired
in the spring of 1999. It's promised Wall Street $1 billion in savings from this merger.
AOL merged with Time Warner in a $106 billion deal that met government approval earlier this month.