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AOL offers buyouts to one-third of its workers

Cuts of some 2,300 jobs will shrink Internet firm to a quarter of its peak size

SAN FRANCISCO — The struggling Internet company AOL plans to shed up to 2,500 jobs — more than a third of its work force — as it prepares to separate from Time Warner and finally sever their ill-fated marriage.

Major job cuts had been expected and seemed certain after Time Warner said last week....

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