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Report: Ax Has Already Fallen on Top Patch Execs

We have been hearing the same rumor today. According to Business Insider’s Nicholas Carlson, as Patch is gearing up for a very Black Friday August 9, it has already jettisoned two of its highest ranking execs:

Patch president/COO Steve Kalin and chief content officer Rachel Feddersen are out, a former Patch executive who remains in contact with people at the AOL-owned local news network says…

We’ve been unable to get AOL public relations to confirm or deny the news. An AOL spokesperson told us the company is not commenting on Patch personnel matters.

Tomorrow’s Patch mass layoffs are being pegged in reports at anywhere from 200 to 550 employees. Over at Romenesko, readers have beenĀ actively chiming in to his August 8 item on the matter; the comments thread includes insightful observations from various ex-Patch employees.

Last month, Patch head of revenue and marketing Mark Josephson exited the company in favor of a CEO position with bit.ly. He starts there in September.

[Photo of Feddersen courtesy: LinkedIn]

Previously on Mediabistro:
Patch Unveils A New Site, Focused on Social and Mobile

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.