Money | AOL AOL to Lay Off a Third of Staff Roughly 2300 will get the boot after spin-off By Newser Editors and Wire Services Posted Nov 19, 2009 8:13 AM CST Copied In this May 28, 2009 file photo, an AOL home page is displayed on a user's computer in Palo Alto, Calif. (AP Photo/Paul Sakuma, File) AOL says it plans to cut about a third of its work force once it is spun off from Time Warner. That would amount to nearly 2,300 of the roughly 6,900 workers at the struggling company. AOL said in a securities filing today it will impose the cuts on a voluntary and involuntary basis. The company hopes the move will trim annual costs by about $300 million. Time Warner said this week that it will spin AOL off to investors Dec. 9. Read These Next Defense officials react to Hegseth's Quantico meeting. Government shutdown is here. Here's what to expect. President asks nation's top generals to loosen up. Colorado wants to give 'peace of mind' on Hunter S. Thompson. Get breaking news in your inbox. What you need to know, as soon as we know it. Sign up Report an error