Axe Falls at AOL: Almost One-Fifth of Staff to Be Laid Off

Layoffs are starting at AOL today, the latest step in the company effort’s to reposition itself as a premium content company. When all is said and done, AOL will shed about one-fifth of its 5,000 person staff. The move comes three days after the company’s $315 million acquisition of The Huffington Post closed and Arianna Huffington became head of its Huffington Post Media Group.
 
The cuts in the U.S. affect about 200 employees, mostly in AOL’s New York headquarters and in Dulles, Virginia.