AOL Will Cut 500 in India

Far from living his happiest days, AOL will cut 500 jobs over the next four months, reports the Business Insider website. Until further notice layoffs should happen only in Indian affiliate web former giant will reduce its staff installed in Bangalore from the current 750 employees to only 250 by July.
The cuts are part of a further restructuring the company has undergone and which this year has the goal to make the company reduce its operating costs by $ 20 million. In addition, the company will have to tighten their belts to be able to pay the $ 315 million that were spent on the acquisition of the Huffington Post blog.

According to a source, “the decision was made by AOL executives after a visit to India between the months of October and November 2010. (…) The direction of the center was criticized for ‘little initiative’ about and its staff and on the priorities of the executed projects.”

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