AOL To Cut 70% Workforce In India

Even though the Global economy is recovering from recession and major industries are getting back to gear, AOL seems to play it in a different way. Recently AOL acquired the news opinion website Huffingtonpost.com and it is after this development that the company plans to lay off around 70 per cent of AOL India’s total employee strength which currently stands at about 1000 employees.

The remaining employees would be the ones from the Technology team of AOL in India and they will be merged with a service provider like Infosys, MindTree, TCS or ITC Infotech and from that point they will work with AOL on a contract-outsourced model.   Tim Armstrong, the CEO of AOL has said that these layoffs would be done in a proper manner as he knew how does it feel to be laid off because his father had once been laid off.

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