Huffington Post Owner AOL Lays Off 5% Of Staff: 500 Workers Lose Their Jobs

by Tyler Durden
ZeroHedge.com
Nov 17, 2016

The media bloodbath continued this morning, with another 500 workers, or 5% of the total staff, set to be let go by AOL. In a memo to staffers, CEO Tim Armstrong said that “based on our strategy and the changes we see in the industry, we are reshaping parts of the company today… The company … will be aligned to drive a talent and operations plan in line with profitability.”

The Rest…HERE

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