Saturday, November 26, 2016

FinPost reports layoffs at Huffington Post

The Huffington Post Canada, the media and news website owned by the Canadian subsidiary of AOL Inc., has laid off seven staff, including the only two journalists at its British Columbia bureau, two casual employees and one manager, according to sources who spoke to the Financial Post.
Last week, AOL announced plans to lay off 500 employees, or approximately five per cent of its workforce. AOL is itself a subsidiary of Verizon Communications Inc, which bought it for US$4.4 billion last year.
“I am not going to comment on specific roles or people,” said Caroline Campbell, a spokesperson for AOL. “I can say AOL[‘s lay off announcement] did impact a small percentage of our global workforce.”

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