AOL Said to Be Cutting About 500 Jobs at Patch News Division

AOL INC IS LAYING OFF about 500 employees at it's Patch local-news businesses, about half of the divisions workforce.
AOL INC IS LAYING OFF about 500 employees at it's Patch local-news businesses, about half of the divisions workforce.
NEW YORK -- AOL Inc. is eliminating about 500 positions at its struggling Patch local-news business, or close to half of the division’s more than 1,000 employees, according to a person with knowledge of the decision. About 350 people will lose their jobs today, and roughly 150 will be asked to stay for 60 more…

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