AOL is prepared to cut up to 20 percent of its global workforce, this week, with as many as 900 people losing there jobs.
The company will cut 400 jobs in India and 200 in the U.S., while outsourcing another 300 to other companies.
At its peak during the tech bubble, AOL had 20,000 employees. After this week, the company will have just over 4000.
Says CEO Tim Armstrong (via Reuters):
We want to go from taking arrows to catching arrows. Today is a difficult one for our company.
AOL will turn around.
AOL just completed its massive $315 million acquisition of The Huffington Post news site.
Result for: news site
Toshiba has announced that is planning to launch two new commercial products that will be based on PlayStation 3 technology.
The Japanese news site Tech-On! reports that an upcoming Toshiba HDTV will use the PS3’s core Cell processor to enable some high-end features not normally seen on consumer television sets. One of these features is “real-time upscaling of SD signals into HD resolution”. Another interesting feature will be “the ability to play and record multiple TV shows at the same time.” Another feature is described as the ability to “display video as if it is being viewed through opera glasses.” Although unclear, it seems that may be a description of a zoom function.
The second product is a notebook which will use Toshiba and Sony’s SpursEngine graphics processor. There was no other details available for the laptop however.
The notebook is expected to launch Q4 2008 while the TV should arrive in fall 2009.
