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August 16, 2013 07:08 pm GMT
AOL CEO Tim Armstrong held another conference call for Patch employees today, and after what was likely the worst week to be working at the hyper-local news venture following the previous all-hands call, he confirmed that around 40 percent of the 1,000 total Patch workers will be let go starting today, according to Jim Romenesko. Around 80 percent of the Patch sites were in good or workable condition, he said, with another 20 percent set to "close or consolidate," Poynter's Andrew Beaujon reports.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/reh90QQ4-Ns/
Patch Lay-Offs To Start Today, 40% Of Jobs Reportedly Cut Adding Up To Roughly 400 Employees Let Go
AOL CEO Tim Armstrong held another conference call for Patch employees today, and after what was likely the worst week to be working at the hyper-local news venture following the previous all-hands call, he confirmed that around 40 percent of the 1,000 total Patch workers will be let go starting today, according to Jim Romenesko. Around 80 percent of the Patch sites were in good or workable condition, he said, with another 20 percent set to "close or consolidate," Poynter's Andrew Beaujon reports.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/reh90QQ4-Ns/
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