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Keyword: timarmstrong

Armstrong Confirms “Hundreds” Of Layoffs At Patch (AOL local "news" service)

08/10/2013 5:18:33 AM PDT · by dynachrome · 8 replies
Tech Crunch ^ | 8-9-13 | Darrell Etherington

We reported yesterday that AOL’s hyper-local news service would lose hundreds of employees today, and now we have confirmation from a well-placed Patcher privy to the call that AOL CEO Tim Armstrong did indeed confirm to employees that hundreds would be laid off, with notifications of who will be let go coming throughout the coming week. (Disclosure: AOL owns TechCrunch). In a call Armstrong held with the Patch team today, he explained that “AOL is going to be running the show” at the restructured Patch along with new CEO Bud Rosenthal. Rosenthal replaces outgoing CEO Steve Kalin, who was reported...

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