August 22, 2001

AOL layoffs slam Sun-Netscape alliance

Author: JT Smith

CNET: "AOL announced Tuesday that it is cutting 1,200 jobs and taking a charge of up to $125 million as
part of a significant reorganization. In addition, AOL said it is eliminating 500 positions at iPlanet.

After the layoffs, iPlanet will largely be a Sun satellite. As of last July, only one-third of iPlanet's
approximately 3,000 employees were from AOL, Sun Chief Financial Officer Mike Lehman said.
Lehman has further said that Sun largely owns iPlanet's intellectual property."


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