The news came today as part of an internal memo from CEO Tim Armstrong that was obtained by Bloomberg. It was only a matter of time for the move after AOL acquired The Huffington Post last month for $315 million. Most of the cuts will come from employees in India, but about 200 will be U.S.-based jobs. In total, that’s about 15% of the Internet company’s total work force.
AOL Lays Off As Many As 900 In Wake Of HuffPo Buy
What's Hot on Deadline
Divorce Comedy With Royal Family Twist From Meghan Markle's Ex-Husband Trevor Engelson Set At Fox With Big Commitment