AOL Cuts 900 Jobs After $315 Million Purchase of Huffington Post
AOL will cut 200 jobs in the U.S. and 700 in India said CEO Tim Armstrong Thursday at the Bloomberg Media Summit in New York City. Armstrong says that AOL’s staff is moving toward 70% editorial and other content divisions. They are also moving to having less freelancers and more full-time staff. The Huffington Post [...]
Read MoreMySpace Eliminates 30 Percent of its “Bloated” Staff
MySpace, a division of Rupert Murdoch’s News Corporation, announced that it has cut 30 percent or approximately 400 people from its payroll in effort to return to a “startup culture.” The layoffs will reduce the number of MySpace employees to around 1000.
Read More4.05.08 webNews Wrap-up
Dell layoff woes. Kanye launches Travel website? Universal Music Group + MySpace + Sony BMG Music Entertainment + Warner Music Group = MySpace Music
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