Armstrong Confirms ?Hundreds? Of Layoffs At Patch, 400 Sites Shuttered Or Partnered Off, And A New CEO

We reported yesterday that AOL's hyper-local news service would lose hundreds of employees today, and now we have confirmation from a well-placed Patcher privy to the call that AOL CEO Tim Armstrong did indeed confirm to employees that hundreds would be laid off, with notifications of who will be let go coming throughout the coming week. (Disclosure: AOL owns TechCrunch).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Of2VYOJXUrE/

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