AOL announces 900 layoffs in wake of Huffington Post deal
NEW YORK (CNNMoney) — AOL CEO Tim Armstrong said Thursday the company is cutting 200 jobs in the U.S. and 700 in India following its $315 million purchase of the Huffington Post.
Armstrong, speaking at the Bloomberg Media Summit in New York City, lamented the cuts but said AOL (AOL) is “much more healthy” than it was a few years ago.
AOL stock took a dive when the leftist Arianna Huffington of the Huffington Post took over AOL last month.
Now AOL is cutting 900 jobs from their work force, good going Democrats, maybe those employees who remain can join a union and finish off AOL for good.