AOL to Cut 900 Jobs with Huffington Post Buy

As with any company takeover, there are bound to be some changes.

With the purchase of Huffington Post, AOL has big plans in its integration process complete with some internal restructuring and cost cutting tactics in its latest attempt to once again become profitable.  Unfortunately this also entails cutting up to 900 jobs.

AOL’s CEO Tim Armstrong recently sent a memo to his employees of this impending change, mentioning job cuts of up to 700 in India and 200 in the US.  Of the affected employees in India, 300 “will move to outsourcing partners and continue to do work for AOL.”

“The changes for me today are very personal,” commented Armstrong at the Bloomberg Media Summit. “AOL employees deserve a tremendous amount of credit because I don’t think it’s easy to go from managing decline to managing growth.”

In most likely a show of his commitment to the rejuvenation of AOL, Armstrong claims to have personally invested $10 million worth of AOL stock and has firmly stated, “AOL will turn around.  I have no doubt about that.”

AOL’s dedication to refocus their company strategy towards growth and increasing its online content is clear with its purchases of Huffington Post and TechCrunch.   Let’s see if these changes will help AOL to be re-introduce itself, win back the supporters it once had, and return to revenue growth.