AOL to cut 100 jobs, mainly in its dial-up business: Techcrunch

Tue Dec 8, 2015 8:50am EST
 
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(Reuters) - Digital media company AOL has laid off around 100 employees, mainly in its dial-up business, as it looks to eliminate overlap with parent Verizon Communications Inc (VZ.N: Quote), Techcrunch.com reported on Tuesday. (tcrn.ch/1N9bTvM)

Caroline Campbell, an AOL spokeswoman, confirmed to Reuters that the company was re-aligning and a portion of its workforce has been impacted.

"We are aligning the organization for the same level of growth in 2016," she said in an email.

The move comes almost seven months after Verizon agreed to buy AOL in a $4.4 billion deal. (reut.rs/1N9boSm)

Techcrunch.com is owned by AOL.

(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Shounak Dasgupta)

 
A man walks past the AOL logo at the company's office in New York November 5, 2013.  REUTERS/Andrew Kelly