--AOL to lay off 900

Internet Business News
03-11-2011
--AOL to lay off 900

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

11 March 2011 - The continuing transformation of AOL (NYSE:AOL) into a content producing and advertising business will lead to the elimination of another 900 positions, or about 20% of the group's workforce, the Financial Times reported.
Tim Armstrong, chief executive of the US Internet company, announced the redundancies yesterday, describing the decision as a very difficult one and painful on a personal level. He went on to add that no further job cuts were imminent but steered clear of any long-term commitment to preserving staff numbers.

AOL is laying off 200 US employees, who have become redundant after the February acquisition of blog network the Huffington Post. The Indian workforce will be reduced by 400 employees, while a further 300 will remain engaged with AOL projects but transferred to other companies.

AOL's new direction has resulted in over 2,000 job cuts and voluntary redundancies between November and January. The latest staff pruning round will leave the company with a global workforce slightly exceeding 4,000.

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