Kara Swisher reports that AOL will be cutting about 100 jobs today, in preparation for the company’s spinoff from Time Warner later this year.
We’re not sure from which departments these layoffs are coming, but we’re betting it’s not content.
The company’s placed all its eggs in the content basket and will be focusing on that for the foreseeable future.
After today’s layoff, CEO Tim Armstrong says he’s considering offering a buyout.
And after that, right around the spinoff, Armstrong will likely cut another 1,000 employees.
Best of luck to all AOLers affected.
- A Freelance Web Designer Turned CEO Explains His Road To Success
- How One Working Mom Finds Work/Life Balance
- Journalism Student Defends Major: 'We're Headed Into an Industry That is Alive and Kicking'
- Disgruntled Employee Resigns by Posting Interpretive Dance Video & Gets Five Million Page Views!