AOL’s been trying hard to keep up pace with its competitors and buying HuffPost was a step towards the same. Looks like they the company is more adamant to become nimble as it has now announced that they will lay off around 700 employees from its India office and around 200 employees from U.S.
I have just laid off dozens of the most talented journalists & product folks I know.
HP India will acquire around 200 employees while MindTree is expected to acquire 170 employees. It is being speculated that AOL has given work commitments to the two companies for few years. As AOL’s legacy dial-up Internet business dwindles, the company is shifting its focus to online advertising and content to build revenue.