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UPDATE 2-AOL to cut 500 jobs, mostly in corporate units -source

November 18, 2016

Nov 17- Verizon Communications Inc's AOL digital media unit will lay off 5 percent of its workforce, or about 500 people, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday. Chief Executive Officer Tim Armstrong informed employees about the cuts in an email on Thursday morning. Verizon bought AOL for $4.4...

Source: http://www.cnbc.com/2016/11/17/reuters-america-update-2-aol-to-cut-500-jobs-mostly-in-corporate-units-source.html
 
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