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AOL dismisses job cuts claims

Just 'rumours'

AOL has brushed aside reports of impending job losses at its US HQ as "just rumours".

The put down follows a report in the Wall Street Journal which claims the online operation is set to announce hundreds of layoffs at its Dulles, Virginia, offices amid concerns about a downturn in advertising sales.

A senior spokesman for AOL UK told The Register: "We hear these rumours all the time."

Last month AOL-Time Warner announced that its Q2 losses has narrowed from $924 million a year ago to $734 million this quarter - partly as a result of an increase in AOL Internet subscriptions.

However, chief exec Jerry Levin said that while great progress had been made, he still planned to "drive efficiencies and take advantage of cross-company synergies".

In some people's book, that means job cuts. ®

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