- Re/code, Thursday, November 17, 2016 1:59 PM
Doing what he does best, AOL CEO Tim Armstrong plans to cut about 500 job -- or about 5% of the unit’s workforce. “Armstrong said that most of the cuts will come in its corporate units,
while resources will be shifted more at mobile, video and data offerings going forward,” Recode reports. Said Armstrong: “The layoffs are related to a 2017 strategy where we will add to
our business.”
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