AOL to Slash 900 Jobs in India, US

New York, March 11 (DPA) Former internet giant AOL is to slash 700 jobs in India and a further 200 in the US in the wake of its $315 million deal to buy the Huffington Post news site, the company has said.

The staff in India generally provide back-end support for AOL's network, and 300 of the cut positions jobs will be outsourced, AOL said Thursday.

The US redundancies will come from the company's content and technology departments.

The job cuts underscore the transition AOL is undergoing as it seeks to reinvent itself as a premier content company.

AOL once dominated internet access in the US, but its position began to slide with the growth of broadband soon after its disastrous 2000 mega-merger with Time-Warner and AOL was spun off from the media giant in 2009.

"Today, we are announcing an organisational structure that will significantly improve AOL's ability to focus on growth," AOL CEO Tim Armstrong wrote in a memo announcing the job cuts.

"Our strategy remains clear - create high quality content experiences for consumers, at scale."

Speaking later Thursday at a conference in New York, Armstrong said the company had no immediate plans for further layoffs.

The company had 5,860 employees at the end of last year, down from a peak of over 20,000 in 2004.


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