America Online Inc., said November 19, once break away from the U.S. media giant Time Warner Inc., they will laid off 1/3 of employees, nearly 2,300 employees will be unemployed. America Online hopes that this initiative can achieve annual savings of 300 million U.S. dollars cost.

Time Warner, November 16, said that America Online will be split out on December 9, end the nine-year mergers and acquisitions.

Who’s the America Online?

American Online is the U.S. subsidiary of Time Warner, the famous Internet service provider. 2000 America Online and Time Warner announced plans to merge, January 11, 2001 The Federal Trade Commission confirmed this transactions.

The operation of the merger and subsequent information, see Time Warner.