In a move to cut cost, America Online plans to trim more than 700 jobs early next month, a newspaper reported Tuesday.

The Washington Post, citing officials familiar with the decision, said most of the cuts would be made at the Internet firm's Virginia headquarters and are linked to a continuing slide in subscribers to AOL.

About 5,000 of AOL's 13,000 U.S. employees are based at the Dulles, Virginia site. AOL cut 850 jobs last year.

As of the second quarter, AOL's U.S. subscriber base was 23.4 million, down 2 million from a year earlier and 668,000 less than in the first quarter of 2004.

By: DocMemory
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