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AOL To Fire 900 Employees After Acquiring Huffington Post

| Filed under: Tech TalkSad Sad

AOL Layoffs

That hurts.

In order to integrate the Huffington Post into the AOL family, the company will be eliminating 900 jobs as they restructure the blog to try to return to revenue growth.

AOL's U.S., Chief Executive Officer Tim Armstrong wrote in a memo to employees on Thursday that the company will cut as many as 700 jobs in India and 200 in the U.S.

At the Bloomberg Media Summit in New York, Armstrong said:

“The changes for me today are very personal. AOL employees deserve a tremendous amount of credit because I don’t think it’s easy to go from managing decline to managing growth."

That should ease the pain.

Despite the cuts and the declining revenue even before purchasing the Huffington Post for $315 million, the executive maintains the company is focusing on growth, saying:

“Our strategy remains clear: create high quality content experiences for consumers, at scale. Today, we are announcing an organizational structure that will significantly improve AOL’s ability to focus on growth.”

“AOL will turn around," he added. "I have no doubt about that.”

For the 5,860 employees sake, we hope he's right.

Do U think AOL will turn around with the acquisition of the Huffington Post or continue to decline?

[Image via WENN.]

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9 comments to “AOL To Fire 900 Employees After Acquiring Huffington Post

  1. 1

    This is not their first cuts , why talk about this now ? Lame post…

  2. 2

    Who still uses AOL??

  3. 3

    Yeah, who still uses AOL?? At least 700 of them are in India rather then here. You can probably get an American you can understand now when you call customer service.

  4. 4

    #1 No one uses AOL
    #2 Huffington Post is about as far away from mainstream America as it gets.
    Therefore, this losing combo will in no way "grow". Duh.

  5. 5

    I haven't touched AOL since the late 90's. I haven't even touched AIM in several years… Technology is always evolving, and AOL is pretty dead if you ask me. Sucks for the people who work there. :(

  6. 6

    No one wants anything to do with AOL since the old dial up days ended.
    They probably fired thousands of Americans to give their jobs to the people in India.
    No one feels bad if they lose their jobs. People will be mad that more Americans will lose their jobs being fired by a company no one cares about and thought was already out of business.

  7. 7

    AOL's New Hyper-Local sites Patch.com are taking over your neighborhood news!! That is the wave of the future! Look it up. Want to know what's going on in your community Patch is on top of it.

  8. 8

    AOL is still around?????

    AOL = Myspace

  9. 9

    Well I wondered why Huffington Post would never talk about National Hiring Day - they were too busy with National Firing their own employees Day.

    There is a solution to the jobs problem and it could quickly put hundreds of thousands of people back to work. It is not pro left or right. It is not from any corporation, it's outside the government control, it's totally voluntary, and helps all with little sacrifice from anyone.
    National Hiring Day #2 is suggested for March 15,2011. This is a day that corporations are encouraged to hire new employees. Corporations are called on to put patriotism first and help their country in hard times. Those corporations that cannot hire, are asked to stop firing for that month. The day was suggested by the 18 year old Dallas art and media zine Musea.