Former internet giant AOL will lay off 108 employees at its Reston office, with most of the cuts coming by March 1, reports the Washington Business Journal.
The internet pioneer is being acquired by Bending Spoons, an Italian media and technology company. AOL has been sold multiple times and has been owned by private equity company Apollo Global Management since 2021.
AOL was founded in NoVA in 1985 and had a huge boom when it helped people first get online in the 1990s and early 2000s. But its user base declined once faster broadband became widely available.
Several people who are being laid off have been with the company for more than 20 years.
AOL had once been headquartered on a 43-acre campus in Sterling. The campus was demolished in 2023 to make way for a data center.
Feature image of the former AOL campus in Sterling courtesy Loudoun County
