Internet company AOL has announced that it will be cutting some 5,000 jobs from its workforce over the next six months. The number translates to some 25 per cent of AOL's global staff. AOL announced the day before that some services will be free.
Services such as email and multimedia services are now free to AOL broadband users. The company, once an Internet giant, has been struggling to hold on to its market share when competing with Google and Yahoo.
AOL is owned by Time Warner. More will be known about the job cuts in September, according to the statement from the company.