United States internet firm AOL is to slash 900 jobs, nearly 20 percent of its 5,000-strong labor force, as a part of a move to reorganize the firm in the wake of its acquirement of online newspaper the Huffington Post. AOL purchased the Huffington Post in Feb. for $315m.
The job losses are intended to offset duplication between two firms. Some 200 jobs are anticipated to go from the firm's United States content and technology divisions. AOL asserted another 700 jobs could be lost in back office positions based in India, while 300 of these vacancies will be outsourced to organizations taking over such support functions for AOL.
AOL is expecting its acquirement of the popular Huffington Post would increase flagging advertising revenues. Previously known as America Online, AOL amalgamated with media firm Time Warner in year 2000. That contract is widely considered to have been a disaster along with two companies split 10 yrs later. At its crest AOL had a labor force of more than 20,000 employees.
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