Yesterday AOL revealed that it was looking to cut one-third of its staff as it heads towards its spin off from parent company Time Warner and looks to trim $300 million from its annual operating costs.
“AOL is still hiring for some positions that [CEO Tim Armstrong] has pinpointed as essential to its growth, such as journalists.”
All of those journalists losing their jobs from places like BusinessWeek and the Associated Press may have a new place to work.
AOL Grapples With Harsh New Reality —Wall Street Journal
Details of AOL’s Voluntary Layoff Plan –WebNewser
Earlier: AOL Looks One Third Of Staff