Despite new CEO Tim Armstrong starring behind the plate, the AOL All-Stars lost 15-13 to the Jonas Brothers’ Road Dogs yesterday in a charity softball game at a company picnic.
WaPo: The day’s events, including face painting, free food and drink and a few hours away from work, were reminiscent of the old days, when AOL was a cutting-edge Internet service provider and could afford to rent Six Flags for the day, or hold Christmas parties at the Smithsonian’s National Air and Space Museum. Hundreds of children watched the game, snapping photographs of their idols’ at-bats and post-home run chest bumps. …
But no matter how thrilling the presence of the nation’s hottest boy band, no one could ignore the specter of downsizing, said accounting manager Randy Fisher. “There’s gonna be layoffs,” he said. “People are speculating by the end of this month.”
Tim Armstrong’s 100-day all-staff meeting is scheduled for July 24, an AOL rep told the WaPo.
That’s five days before Time Warner is scheduled to announce second quarter earnings — and perhaps more information about AOL’s future as an independent company — on July 29.
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