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AOL Gets Layoff Advice

Who needs McKinsey? Business Insider is reporting that AOL has hired consultants Alix Partners to orchestrate the soon-to-be-independent company's inevitable layoffs. A knowledgeable source says Alix is helping AOL with a "top to bottom" look at the company in terms of "process efficiencies, cost structure, and strategy," and has yet to come up with an exact number of layoffs. Business Insider, for its part, is predicting the number will be about 2,000, with AOL needing to save about $300 million per year. The consulting firm's last big client was General Motors's debtors.

Read the whole story at Business Insider »

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