Quoting unnamed sources, Silicon Valley Insider reported that AOL is all set to lay off about 2000 jobs in the coming weeks as part of CEO Tim Armstrong’s 100 day review plan.
The company is planning to take this step after re branding its advertising platform and restructuring its sales and its journalists teams. In May, Time Warner announced that it is planning to spin off AOL. This is an attempt to give it ‘a better opportunity to achieve its full potential as a leading independent internet company’. Therefore job cuts in AOL may make the investors get more interested in the company, say analysts.