Verizon’s AOL Cutting 500 Jobs, Will Focus on Mobile, Video – New York Times

New York Times
NEW YORK — AOL is cutting about 500 jobs, or 8 percent of its workforce, as it trims back following some deals and focuses on mobile, video and data. In a memo to employees, AOL CEO Tim Armstrong says the Verizon-owned company has added 1,500 …
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