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Says
AOL CEO Randy Falco, “The deepening
economic recession has affected every corner
of the economy, including our own. Online
marketers have tightened ad buying, reducing
their spend by hundreds of millions of dollars.
Our goal in doing this is to provide our
core businesses the resources they need
to thrive.”
According
to the company, post the axing of jobs,
the idea would be to concentrate investing
on three key growth areas - advertising,
publishing/websites and social networks.
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