AOL CEO Tim Armstrong and Huffington Post chief Arianna Huffington have finalized their integration plans and layoffs are on tap as the acquisition nears the finish line.
The news isn’t unexpected. AOL said it would get $20 million in savings out of the Huffington Post acquisition. It’s only natural that some headcount would be cut. “There will be job changes,” said Armstrong, speaking at the PaidContent 2011 conference. “There’s no way around it, but we’ll do it thoughtfully.”
Armstrong, who said he’s sensitive about layoffs and tries to be open and transparent about changes, said he was also aware that AOL has had a “lot of people changes” when the company was part of Time Warner and then independent.
However, the big question is how the sides are put together. Huffington and Armstrong said they had an offsite meeting to finalize the go-forward plan. Huffington said the plan is to put old grizzled journalists with young kids out of college.
http://www.zdnet.com/blog/btl/aol-tim-armstrong-after-huffpo-deal-closes-no-way-around-layoffs/45679It's money that she loves, piece of shit....
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
