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AOL Lays Off 500 To Focus On Mobile, Data, And Video
- Re/code, Friday, November 18, 2016 6:42 AM
AOL announced layoffs of 5% of its staff on Thursday; 500 employees expected to lose their jobs, according to a report on Recode. Most of the cuts are expected to come from its corporate units, with resources shifting to mobile, video, and data. "The cuts come after AOL added about 1,500 workers this year from an advertising deal with Microsoft and its purchase of Millennial Media, which prompted the consolidation to improve financial performance," the report said.
