AOL Inc. (AOL) plans to cut jobs, including workers at its AIM instant-message service, reports stated, citing people familiar with the situation.
Less than 100 workers will be affected, reports added. The layoffs are expected in the next couple of weeks.
Jason Shellen, who runs AIM, may seek a buyout in the next few weeks, reports added citing two people familiar with the matter.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.