AOL BOSS TIM ARMSTRONG SAYS 40% OF PATCH WORKFORCE WILL BE LAID OFF

Posted on August 16, 2013

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AOL chief exec Tim Armstrong said in a 9-minute conference call this morning that 40% of the Patch workforce will lose their jobs today. (That’s about 480 people.) No questions were taken during the call.

SMALLPATCHHe said 60% of the Patch sites will continue, 20% of them will partner with other outlets, and 20% will be consolidated or completely closed.

A tipster emails: “Regarding the call, the most telling thing was the song ‘Stormy Weather’ playing before the call got going.”

Patchers: Email me your tips and observations.

A tipster emails:

It seems HQ has organized employees into three groups:
– people staying on
– people getting laid off with two months severance
– people staying until Oct. 15. severance status unclear.

Report: All Patch sales people in Iowa, Missouri and Minnesota are out. (@foleymo)

Enfield Patch editor: “I need to tell all of my faithful readers…” (facebook.com)
* More Patch editor farewells from…. James Kleimann (Ridgewood-Glennrock), and Mark Maley (Milwaukee).