100 Losing Their Jobs At AOL Today, 1,000 More Cuts To Come?
Kara Swisher reports that AOL will be cutting about 100 jobs today, in preparation for the company’s spinoff from Time Warner later this year.
We’re not sure from which departments these layoffs are coming, but we’re betting it’s not content.
The company’s placed all its eggs in the content basket and will be focusing on that for the foreseeable future.
After today’s layoff, CEO Tim Armstrong says he’s considering offering a buyout.
And after that, right around the spinoff, Armstrong will likely cut another 1,000 employees.
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