AOL Readies for Another Round of Layoffs (Report)

AOL is bracing for another wave of layoffs.

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The tech news website All Things D reports that the internet company is preparing to cut about 40 staffers from its communication products branch, particularly AIM instant messaging and AOL Mail. On the so-called chopping block: SVP of business operations Eric van Miltenburg and AIM chief Jason Shellen.

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Shellen, an ex-employee of Google, recently sold his start-up Thing Labs, a purveyor of social software, to AOL, and the company then merged his team with AIM, according to All Things D.

Miltenburg, who came from Yahoo, was in charge of business operations for the consumer applications department.

AOL has been struggling to remake itself as an industry innovator and content leader since CEO Tim Armstrong grabbed the reigns several years ago. Earlier this week, the company made headlines by pulling ads from Rush Limbaugh's syndicated radio show following his Sandra Fluke remarks.