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AOL to cut several hundred jobs in India: sources

AOL to cut several hundred jobs in India: sources
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First Published: Thu, Mar 10 2011. 07 30 PM IST
Updated: Thu, Mar 10 2011. 07 30 PM IST
Bangalore: AOL Inc is cutting several hundred jobs in India, two sources familiar with the matter said on Thursday.
The layoffs come about a month after AOL said it would buy The Huffington Post news and commentary website for $315 million.
It was unclear how many jobs AOL is cutting. Technology and media news websites PaidContent.org and News Corp’s All Things Digital said AOL is cutting 400 jobs.
“The number is close to the truth,” said an AOL source who declined to be identified for fear of being fired in retaliation.
Some other employees will keep their jobs, but will be transferred to contractors MindTree Ltd and Hewlett-Packard Co , the sources said.
A written statement from AOL confirmed that MindTree and Hewlett-Packard will take over some of its functions in India.
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First Published: Thu, Mar 10 2011. 07 30 PM IST