AOL LLC has
eliminated the jobs of two executives, including one who was just promoted to the role by the company’s new chief executive.
According to a memo to AOL employees, the moves were intended to help streamline the company’s structure. The changes come as AOL prepares to be spun off from parent Time Warner Inc. and follow extensive management shuffling over the past few years.
Time Warner, which was originally purchased by AOL in 2001, said in May that it would spin AOL off as a separate company after years of trying unsuccessfully to integrate the two companies. AOL’s access business has long been fading, while efforts to derive more revenue from online advertising have encountered difficulties.

