AOL to cut 700 jobs in India
“As a company, there are about 200 (job cuts) in the United States and about 700 in India, although about 300 of those are going to go an outsourcer. So effectively, it’s about 400 to 600 (job cuts) between India and the U.S.,” AOL CEO Tim Armstrong told a television channel in an interview.
The company currently has about 5,000 employees, which includes employees from the recently acquired Huffington Post.
“We’ve dynamically changed AOL over the last couple of years to really focus on content and restructure the organisation starting with Europe and the U.S.,” he said.
“We’re restructuring part of the Asia operations. But the biggest thing we’re focused on is really having the most talented group of people we possibly can work at the company. We have a great set of employees,” he said.
“Right now, the Huffington Post comes in as an opportunity for us to continue to focus on editorial quality and journalism. In the advertising business, we made tremendous progress,” Mr. Armstrong said.
“I have just laid off dozens of the most talented journalists & product folks I know,” Jonathan Dube, general manager of AOL’s news and information group said in his Tweet.
“Need talent? Let me know!” he said.
Mr. Armstrong said the AOL has just announced a new brand format for advertising which got industry standard.
“Then we are continuing to work on the communications area. We have a new e-mail format out and a lot of other products coming out in that area,” he said.