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Showing posts with label Corporate Trends. Show all posts
Showing posts with label Corporate Trends. Show all posts

October 17, 2011

How Data Can Increase Productivity



The University of Texas
 conducted a study sponsored by Sybase on the business impact of effective data. In the three-part study, the researchers found that if the median Fortune 1000 company increased the usability of its data by 10%, it could result in an increase of $2.01 billion in revenue and lots of new jobs. Maybe. Let's look at the numbers.

According to the report, a median Fortune 1000 company with 36,000 employees and $388,000 in sales per employee could see a boost of 14.4% in sales by making data 10% more accessible.

March 13, 2011

AOL To Fire 20% Of Its Staff

AOL Infographic: Via Fastcompany
Its back to basics for the " AOL".. After having  gobbled up Huffington Post for $315 million,its time to shed more flab.. and time to sack employees ..AOL is in the process of handing out around 900 pink slips, which represents 20 percent of the company's workforce.

All affected employees have already been notified, who according to All Things Digital, will be receiving four weeks of severance pay plus an additional week for each of service. What About arranging " Job Interviews for beleaguered AOL employees ..? AOL management prefers not to comment on this.
.AOL India  Internet entity will be slashing more than 400 jobs in India. However some other employees will keep their job in India atleast , but will be transferred to contractors MindTree Ltd and Hewlett-Packard Co, the sources said.

A written statement from AOL confirmed that MindTree and Hewlett-Packard will take over some of its functions in India

In a memo titled "AOL's Next Step," company CEO Tim Armstrong called this a "critical step on the comeback trail for AOL," adding that they're "creating a next generation hyper-local, national, and global media company." We're not sure exactly what that is, but investors will have to trust that Armstrong and company know what they're doing, and where they're headed. According to its website, the company posted over 200 job openings in March alone. The openings are mostly in the US and there are also vacancies for operations in the UK and Ireland, among others. .

"As a company, there's about 200 (job cuts) in the US and about 700 in India, although about 300 of those are going to go an outsourcer. So effectively, it's about 400 to 600 (job cuts) between India and the US," AOL CEO Tim Armstrong said in a recent television interview. 

Meanwhile it seems AOL is not only sacking but, employees are leaving it as well ,Josh Topolsky, the editor-in-chief of Engadget, is leaving the AOL-owned property, which is one of the largest tech news sites on the Web.Also departing is Managing Editor Nilay Patel,according to Cnet

Sources say that the new AOL content head Arianna Huffington had tried hard to persuade Topolsky to stay on. but that didn't work.Engadget is one of the largest in tech, with 14 million unique visitors a month. Its main competitor is Gawker's Gizmodo. AOL also owns TechCrunch, another tech news site.

This has been a regular occurrence at the site, including two top Engadget editors--Paul Miller and Ross Miller, who are not related--who departed the tech site in recent months. Both stated publicly that they did not like the editorial direction AOL was going in, especially a controversial content strategy document titled "The AOL Way."
In a post in in mid-February, Paul Miller was explicit about the issue on his personal blog:
I'd love to be able to keep doing this forever, but unfortunately Engadget is owned by AOL, and AOL has proved an unwilling partner in this site's evolution. It doesn't take a veteran of the publishing world to realize that AOL has its heart in the wrong place with content. As detailed in the "AOL Way," and borne out in personal experience, AOL sees content as a commodity it can sell ads against. That might make good business sense (though I doubt it), but it doesn't promote good journalism or even good entertainment, and it doesn't allow an ambitious team like the one I know and love at Engadget to thrive.
Over the years..  AOL might be  struggling with the direction the  Company is headed too. But one thing is certain . It has now mastered the art of Firing people ... for any kind of problems. Now sure if that is merely co incidental or  tells us something  aboutAOL .. Business Model "