AOL Time Warner cut over 2,000 employees yesterday including about 20 percent (100 employees) of the workforce at New Line Cinema, another 100 employees at Warner Bros. movie studio, 600 employees from Time Warner’s music group and over 700 from AOL.
In addition to these layoffs, the company is seeking to sell its 130 theme stores and if no buyers are found it will likely close the stores and lay off the more than 3,800 employees.