Media giant AOL Time Warner is cutting more than 1,200 jobs at its AOL Internet unit. This is the third round of redundancies since AOL and Time Warner completed their merger earlier this year. The Internet unit employs about 16,000 staff and is expected to cut a further 500 jobs as part of its alliance between Netscape and Sun Microsystems.

The job cuts represent the third round of layoffs at the company since AOL and Time Warner completed their merger at the start of the year.
The internet unit, which employs about 16,000 staff, said it would also cut a further 500 jobs as part of an alliance between Netscape and Sun Microsystems.

AOL said it would bring together all of its web brands into one unit covering Netscape, CompuServe, Moviefone, MapQuest and AOL Instant Messenger services.