Some bad news turned up in the email inboxes of AOL employees today when the company’s Chief Executive Randy Falco said that 20% of its global workforce (in other words 2,000 employees from AOL’s 10K) will begin to be laid off starting tomorrow. According to the email Falco told the suddenly scared workers that AOL needs to continue to trim the overhead as the company shifts its revenue generating gears from an ISP to a company dependent on internet advertising sales.

“We’re only a year and a month into our transformation, and the turnaround has been dramatic,” said Falco in the email. “We’re now in a position to win as an advertising-supported business. We have a bright future as a company if we can execute on this vision.” Yeah, and we’re certain that cheerleading news is precisely what a laid off AOL employee doesn’t give a crap about two months before Christmas.

Falco promises the laid off employees that they will receive a “generous” severance package hoping that this will be the deciding factor in not coming back to their former workplace armed and dangerous.

via CNET