AOL Inc. is planning to cut its workforce by about 20%, or more than 900 of the 5,000 employees it has on its payroll worldwide.The job cuts are part of a restructuring aimed at increasing revenue and reflect the integration of operations with the Huffington Post, said Graham James, an AOL spokesman.
AOL's chief executive, Tim Armstrong, announced the planned job reductions Thursday in an e-mail to employees.
In the U.S., about 200 jobs will be cut, most of them in AOL's offices in New York and Dulles, Va., James said. About 700 jobs will be cut in India, he said.
via latimes.com
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