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In a statement, the company said Bertelsmann's Internet division would be dissolved.
(It is owned by Times Company Digital, the Internet division of The New York Times Company).
Ms. Nelson said that most of the layoffs would involve workers from the Internet division.
In 1994 AOL launched an Internet division, and by the next year it was the leading Internet service provider.
Mr. Horowitz, 52, is the chairman of e-Citi, the Internet division of Citigroup, in New York.
NYTimes.com is the flagship Web site of New York Times Digital, the Internet division of The New York Times Company.
The bridegroom is a senior Web site planner for the Internet division of Ogilvy & Mather, the advertising agency in Manhattan.
The Internet division had an operating loss of $2.1 million from costs to redesign the Web site, the company said.
Losses in the company's Internet division, including $1 million $1.4 millionof) of development costs, doubled to $8 million $11.5 millionon).
Creative Artists Agency, Hollywood's dominant talent shop, had a big Internet division at the height of the dot-com boom.
The bride, 26, is an advertising account executive for New York Times Digital, the Internet division of the Times Company.
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