AOL chief Tim Armstrong announced major layoffs on Thursday.
The cuts, while expected, were big: 200 employees in the U.S., and roughly 900 worldwide. All told, about 20 percent of AOL's 5,000 employees were let go.
Source: http://www.thewrap.com/column-post/aol-lays-hundreds-employees-after-huffpo-merger-25398
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