AOL has recent been restructuring trying to rebuild its business into an online content portal and with recent purchases including the Huffington Post. Unfortunately AOL is now looking to restructure its work force with the layoff of around 900 employees.
A memo from AOL’s CEO Tim Armstrong obtained by the Business Insider website indicates that the layoffs are to designed to improve AOL’s ability to focus on growth.
The memo goes on to clarify in detail the position AOL is taking with regards the job cuts and says, that “affected employees will be notified today and AOL will offer assistance programs — including workspace, counseling, and technology.”
You can read the full memo from AOL’s CEO Tim Armstrong on the Business Insider website.
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