Journalism UK has a story about a leaked AOL UK memo on employee morale--not only are people leaving, but those in residence are dissatisfied. Furthermore, the news articles says that the results of the survey for the UK content team were "worse than any other department at AOL."
Some data points:

• 62 per cent of staff said they do not trust management.
• 40 per cent of staff in the content department said they would not recommend AOL as an employer.
• 33 per cent would recommend AOL's own services as an internet service provider. The results were worse than any other department at AOL.
• 1 in 5 staff said they believed pay matched performance.
• Less than 25% felt managers were helping staff to improve their performance.
• 40 per cent of staff in the content department said they would not recommend AOL as an employer.