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Title: After Huffington Post buy, AOL lays off 900 staff
Source: Computer World
URL Source: http://www.computerworld.com/s/arti ... t_i_buy_AOL_lays_off_900_staff
Published: Mar 11, 2011
Author: Sharon Gaudin
Post Date: 2011-03-11 16:13:58 by jwpegler
Keywords: None
Views: 3208
Comments: 1

In the wake of AOL's buying the Huffington Post, the company said Thursday that it will lay off 900 workers.

That amounts to cutting 20% of AOL's staff.

AOL spokesman Graham James confirmed to Computerworld that 200 workers from the company's offices in New York and Dulles, Va. will be laid off. The U.S. jobs will be cut in the media and tech areas. James also said 700 people in AOL's offices in India will be let go, although 300 of them will be rehired by Hewlett Packard to work in support services for AOL.

AOL, which has become something of an Internet has-been, is looking to reinvent itself and, as part of that goal, announced early last month that it was purchasing the Huffington Post, which has become the second most popular news Web site in the U.S. after The New York Times .

AOL is reported to have paid $315 million for the Huffington Post.

News of AOL's latest acquisition came just a few months after AOL scooped up technology news publisher TechCrunch and its family of Web sites.

AOL has struggled in recent years, after once being a top dog in the Internet world. In a bid to boost its digital content and drive readers to its sites, the company, which also owns the consumer technology site Engadget, has been buying up online media sites, including the Patch community sites, which focus on local coverage.

Last fall, there was a lot of online buzz that AOL was poised to make an offer to buy Yahoo.

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#1. To: All (#0)

This is just too good to be true.

In the very early days of the commercial internet AOL was THE dominant player. IBM had a service (Prodigy) which failed. Microsoft had WebTV, which failed. There were other services that failed as well. For a while, AOL owned consumer access to the internet.

AOL has been struggling ever since.

Now that they've further enriched Ariana Huffington, by buying her web site for $315 million, is AOL laying off 20% of their staff.

This company has been mismanaged for about 15 years. They are on their on their last legs.

Huffington will be laughing all the way to the bank.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-03-11   16:19:43 ET  Reply   Trace   Private Reply  


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