SAJJAD PURVEZ - AOL lays off 200 in U.S. after HuffPost acquisition
10-Mar-2011 | News-Press Release
SAJJAD PURVEZ - Mar 10, 2011 – NEW YORK (AP) — AOL says it's laying off 200 U.S. staffers from its content and technology departments to eliminate overlap only days after completing its purchase of the Huffington Post.
The cuts also affect 700 jobs at AOL's offices in India, which mainly provides back-office support to the U.S. But AOL spokesman Graham James says 300 of those will move to other companies that are taking over support functions.
AOL paid $315 million for online news hub The Huffington Post as part of a project to revamp itself as a go-to source for news and other content. That deal closed Monday.
The cuts also affect 700 jobs at AOL's offices in India, which mainly provides back-office support to the U.S. But AOL spokesman Graham James says 300 of those will move to other companies that are taking over support functions.
AOL paid $315 million for online news hub The Huffington Post as part of a project to revamp itself as a go-to source for news and other content. That deal closed Monday.
# # #
SAJJAD PURVEZ - SP MEDIA www.sajjadpurvez.tk www.sajjadpurvez.blogspot.com
An individual media company ( stay updated with the latest corporate news)
An individual media company ( stay updated with the latest corporate news)
TinyURL: https://tinyurl.com/yb9jotxv
Show HTML Embed SnippetThis release was submitted by a PRSafe user.
Any communication related to the content of this release should be sent to the release submitter.
Author Info
Tag Cloud
Categories
More Releases
- SAJJAD PURVEZ - Sony PlayStation suffers massive data breach; firm criticised
- SAJJAD PURVEZ London: Barclays to cut jobs in corporate arm
- SAJJAD PURVEZ - President Obama woos Brazil while Libya air assault unfolds
- SAJJAD PURVEZ - Japan denies news of 'eight-day survivor'
- Sajjad Purvez - Microsoft makes rapid gains in US
- SAJJAD PURVEZ - Bharti Airtel to buy Qualcomm's BWA business
- SAJJAD PURVEZ - Goldman Sachs buys Benchmark AMC
- SAJJAD PURVEZ - Sensex Rises 1.3% on Higher Corporate Advance Tax Payment
- SAJJAD PURVEZ - Google’s Quest to Build a Better Boss
- SAJJAD PURVEZ - Clinton wants U.S. Ambassadors to be CEOs