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Interview: Armstrong On Layoffs: ‘News & Finance Unit Was Losing $20M’

March 11th, 2011 Admin No comments

AOL CEO Tim Armstrong warned that layoffs would be coming last week, and today, the pink slips were released. Armstrong spoke about the decision during a Q&A keynote session this morning at the Bloomberg Businessweek Media Summit.

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Interview: Armstrong On Layoffs: ‘News & Finance Unit Was Losing $20M’