AOL expected to lay off 400 to 500 people on Thursday

AOL is expected to lay off 400 to 500 people in the U.S. starting tomorrow, according to a report citing unnamed sources in AllThingsD.

The New York-based internet giant is expected to eliminate jobs in targeted areas of the company. Chief executive Tim Armstrong (pictured right, with Arianna Huffington of the Huffingtong Post) signaled that the layoffs were coming last week. The moves reflect AOL’s big push to make more money and redefine itself in … Continue Reading