SAJJAD PURVEZ - AOL lays off 200 in U.S. after HuffPost acquisition
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(Newsbox) 10-Mar-2011
SAJJAD PURVEZ - 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.
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.
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