You've been pink-ed...

AOL to cut 5,000 workers

CEO Jon Miller says 26 percent of employees unlikely to be employed within six months.
August 3 2006: 12:36 PM EDT

NEW YORK (Reuters) -- Time Warner Inc.'s AOL online division said Thursday about 5,000, or about 26 percent of its 19,000 employees, will not be employed by the company within six months as a result of its restructuring.

"At a company meeting this morning, Jon Miller (AOL CEO) told AOL's worldwide work force of 19,000 people that within six months, it was likely that around 5,000 employees would no longer be with the company," the company said in a statement.
 
AOL, which is in the process of selling its European Internet access business, employs about 3,000 employees in its access business in Europe, one source said.

Time Warner (Charts) is also the parent company of CNNMoney.com

http://money.cnn.com/2006/08/03/technology/aol_layoff.reut/index.htm