AOL Will Fire Hundreds Of Patch Editors Today

Starting today, AOL is going to shrink its local news network Patch from 900 sites to about 600, letting go 250 to 500 people in the process.

CEO Tim Armstrong talked about the layoffs during two conference calls yesterday — one with analysts durings AOL’s Q2 earnings call, and another yesterday afternoon with Patch employees.

It’s a sad day, but one we’ve all seen coming for a while now.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

aol patch sai-us