Confirmed: AOL Gives Over 200 U.S. Employees Pink Slips
March 10, 2011 at 09:31 AM EST
As we've heard over the past few days, AOL has started implementing layoffs across its properties in the wake of the Huffington Post acquisition . The deal, which amounted to $315 million , closed on Monday of this week. We've confirmed the firings with AOL and here is the breakdown of the exact numbers and where the layoffs will take place. AOL will be letting go a little over 200 U.S. employees, around 120 of which are editorial staffers. The remaining employees that are being let go also work in AOL's media business but in other operations (technology, product). With the merger with the Huffington Post, AOL will actually be gaining 250 employees from the media property, around 150 of which are editorial staffers. AOL says that after the merger, there is a net gain of 17 editorial staffers. And including Patch, AOL still employs 1,200 journalists in editorial.