AOL layoffs happening today
Hundreds of AOL employees both in the US and in India will be laid off today, according to Kara Swisher of All Things D. The cuts will be mostly felt on the content side where the recent acquisition of Huffington Post created some redundancies in terms of content creation. Arianna Huffington was put in charge of all content in that acquisition and she has built something of an empire out of getting a whole lot of people to make a whole lot of content for free. So given the choice between paying for something and not, AOL is choosing not.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.