AOL To Fire Some People Following The HuffPo Acquisition

AOL running man at a bar

In a filing with the SEC today regarding its $315 million Huffington Post acquisition, AOL announced that it expects “restructuring charges” due to “cost overlap” to total $20 million in 2011.

Translation:  the company is planning to fire some people at AOL or HuffPo because their jobs are being made redundant, and AOL expects their severance packages should total around $20 million.

This layoff won’t be a big one.

When AOL cut ~1,400 people in early 2010, the restructuring charge was $150 million.

Related: THE AOL WAY >>

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