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

March 11th, 2011 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’