Sarah Lacy at PandoDaily is reporting that AOL is planning to lay off hundreds of employees next week.

Some cuts “will undoubtably come from the bloated Patch division, but not all,” she said.

Business Insider has a slightly different story: their source said that AOL is indeed planning to lay off some people, but not nearly as many as hundreds, and that the cuts will come from the West Coast team that works on products like About.me, Editions (“the app for when you cr*p“) and other products that don’t drive traffic to the Huffington Post.

We’ll see next week, we s’pose.