AOL's Patch layoffs, site shutdowns detailed

|About: AOL Inc. (AOL)|By:, SA News Editor

According to Jim Romensko, AOL (AOL -1%) CEO Tim Armstrong stated on a 9-minute CC this morning 40% of Patch's workforce (480 people) is being laid off.

Both Romensko and Poynter's Andrew Beaujon report AOL plans to shutter/consolidate 20% of Patch's 900+ sites. From the looks of things, the 60% of sites said to have "real traction" will be kept, and another 20% said to have "significant traction" may need partnerships to stay afloat.

Sources tell AllThingsD's Peter Kafka AOL is trying to "find other media companies to operate some underperforming Patch sites." Armstrong reportedly mentioned on the CC he has talked with media companies about Patch sites.

The CC apparently ended without another event requiring an apology.

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