Patch Layoffs, Site Shutting Begins: Reports

Per TechCrunch, hundreds of layoffs in motion

There's been a lot of talk over the past few days about whether AOL was going to start laying off Patch employees immediately or on a "rolling basis," start selling or shutting down some Patch sites, and maybe even dump its CEO.

Well, according to TechCrunch, it's happening, with "notifications of who will be let go coming throughout the coming week."

During the earnings call, AOL CEO Tim Armstrong revealed that several hundred Patch sites will be sold or shut down.

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