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Internet company AOL is cutting more than 900 jobs as it joins forces with The Huffington Post and seeks to reinvent itself as a major player in online news.
AOL said it is laying off more than 200 employees in the US and over 700 in India — nearly 20 per cent of its 5,000-strong global workforce.
Some 300 of the 700 AOL employees being laid off in India would transition to third-party companies providing services to AOL, including Hewlett-Packard and MindTree, it said. AOL completed its acquisition of The Huffington Post on Monday.
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