AOL CEO Tim Armstrong on Layoffs

David Kaplan reports on the layoffs at AOL:

 

Tim Armstrong, CEO, AOL

Photo: Getty Images / Michael Kovac

 

AOL (NYSE: AOL) CEO Tim Armstrong warned that layoffs would be coming last week, and today, the pink slips were released. Armstrong spoke about the decision during a Q&A keynote session this morning at the Bloomberg Businessweek Media Summit. In a separate interview with paidContent when he left the conference, Armstrong discussed the reasons and the timing of the decision, which came after the completion of its $315 million acquisition of The Huffington Post. The buy has ushered in more refinements to AOL’s evolving content strategy.

Continue reading:

http://paidcontent.org/article/419-interview-armstrong-on-layoffs-news-finance-unit-was-losing-20m/

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