David Kaplan reports on the layoffs at AOL:
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.