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 >>