Author Topic: AOL lays off about 500 at Patch local news unit  (Read 4090 times)

MrTempler

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AOL lays off about 500 at Patch local news unit
« on: August 20, 2013, 09:00:22 AM »
AOL said Friday it is laying off about 500 employees at Patch, or about half of the total workforce working for the local news site division.

The New York-based media company is also closing or consolidating about 150 of the 900 news sites that are designed to compete with local newspapers for online viewers and local merchants' advertising budgets.

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"Patch's strategy will be to focus resources against core sites and partner in towns that need additional resources," the company said Friday in a statement. "Unfortunately, with these changes we are announcing today, we will be reducing a substantial number of Patch positions."

Shares of AOL, which owns the Huffington Post and TechCrunch, fell 0.7% Friday and ended at $35.21.

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andyreynolds

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AOL lays off about 500 at Patch local news unit
« Reply #1 on: August 23, 2013, 05:28:18 PM »
Algo tiene que haber escondido en esto del Patch, a la final parece una muy mala inversion, se les esta llendo de las manos a AOL, y los pobres empleados son los que estan llevando la carga!!!