Forty Percent of Patch Staffers Getting Cut Today
Tim Armstrong, AOL’s CEO, is ready to make those cuts he put off last Friday. Jim Romenesko reports that in a conference call, Armstrong said 40 percent of Patch staffers — 480 people — will be laid off today.
Armstrong also said that 60 percent of Patch sites will continue to operate, 20 percent will form partnerships with other sites and 20 percent will be consolidated or sold.
For those that are staying with Patch, this is one of those “Is this a good thing or a bad thing” scenarios, because we imagine with the closings they’ll now be asked to do more with less.
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