LayoffBlog.com

March 13, 2009

AOL Hiring Armstrong Prompts Speculation About Site’s Future

The hiring of Google Inc. (GOOG) veteran Tim Armstrong to run AOL has prompted speculation that a long-awaited separation of the troubled Internet unit from Time Warner Inc. (TWX) is finally near.

AOL is currently in the process of cutting its work force by 10%.

Source: CNNMoney

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