By Jesse Russell

Job layoffs begin today at AOL. The online arm of Time Warner, Inc. plans to cut 20 percent of the workforce, roughly 2,000 employees. Some of the layoffs will include a handful of high- level executives. The company plans to restructure and put a bigger emphasis on online advertising. The company added nearly 450 new employees a little over a year ago. It claims 10 million subscribers as of the end of the second quarter.