AOL: Holiday (staff) cuts coming up?

Washington Post reports that AOL is readying for significant staff cuts in Dulles-perhaps 700 people. Laying people off in the last quarter seems to be an annual AOL practice–this time, as always, it’s to make the bottom line look better. Last year, they cut most of the Mountain View campus-450 folks–this time, it’s 700 in Dulles.
Do I need to mention that they seem to end up rehiring lots of the same jobs 8-10 months after the layoffs?
(Via Paid Content)