Out of the more than 900 patch sites aol operates nationwide, only about 500 will remain under the. In 2012 aol ceo tim armstrong made a commitment to turn patch around. Patch was founded by tim armstrong in 2007 before he purchased the company as aol ceo two years later. This is the way aols layoffs have been handled over the past several years, with depressing regularity. New york bistro owner finds lifeline in rotisserie chickens. Allthingsd squares spacious new san francisco headquarters supposedly has the citys largest roof deck. The trial pitting the east ramapo school district against. The media blogger jim romenesko provided a link to what is purported to be an. According to a source, heres how the firings went down. Verizonyahoo mergers new plan starts with 2,100 layoffs. Patch lays off hundreds, shuttered editor to start indie news site. Aim is best known for its instant messanger service. Todays cuts mostly in dulles, but taking place in new york and california too are.
Turnaround specialist hale global had purchased a majority stake in patch from aol, and initiated what it called a hard reset, which included hundreds of layoffs. This organization was established in the year 1983 and then it was known as. A woman walks by the aol corporate headquarters on broadway in new york city. Just two weeks ago, aol announced that it was handing over the majority stake in patch. Patch lays off hundreds, shuttered editor to start.
The service traces its history to an online service known as playnet, which hosted multiplayer games for the commodore 64. Of layoffs at patch, 400 sites shuttered or partnered off, and a new ceo. Patch lays off hundreds, shuttered editor to start indie. London, april 2 reuters initial tests in mice of a potential covid19 vaccine delivered via a fingertipsized patch have shown it can induce an immune response against the new coronavirus at. It was actually cofounded by aol ceo tim armstrong. The cdc said its only a matter of time before the new coronavirus reaches new york. Media reporter jim romenesko hears that local news network patchs new owners, hale global. Jlavezzo writes several news sites are reporting that the united states largest isp has laid off 750 employees. Two weeks after new york investment firm hale global agreed to acquire a majority stake in aol corp. The local news platform, which relies on editorial staffers around the country, still has.
Patch hit with sweeping layoffs as new owner hale global restructures. Patch looked like a failure when aol sold a majority stake in the hyperlocal media service, but hale global is turning it around. But aols onetime struggling experiment in hyperlocal news has returned to. The story behind why aol ceo tim armstrong fired an employee in front of. In a memo to employees, aols chief executive, tim armstrong, announced on. Aols acquisition of the huffington post news and opinion website will. Layoffs and cutbacks lead to a new world of news deserts the veteran editor asks what happens when a community loses a newspaper or the reporting heart of one. The losing school districts more than 190 of them may be forced to raise taxes to make up for losses in 202021 school funding. New city, ny patch breaking local news events schools weather. New city, ny patch breaking local news events schools.
Just as the acquisition of the huffington post is closing, sources tell atd that layoffs are imminent at aol. As of june 2019, patch operated some 1,227 hyperlocal news and information websites in 50 u. With the combination of aol and yahoo, the new unit has an audience of more than 1 billion, with a. New york state new york city, ny area albany, ny area rochester, ny area arizona. Also the day before the conference call with employees, during aols q2 earnings call, armstrong had told wall street analysts that aol was planning to cut the number of patch local websites. Aol latest headlines, entertainment, sports, articles for business, health and world news. Ocean city, nj patch breaking local news events schools. The great patch purge will be even bloodier than promised. Local patch editors among those hit by layoffs the coast. Oath ceo tim armstrong confirms layoffs at new yahooaol. New owner of patch lays off hundreds the new york times. Hyperlocal news, alerts, discussions and events for new city, ny. According to the wall street journal, aol plans to cut up to 50 jobs from its aim unit. New york city, ny aol conflict voot tech economic phone number and reconciliation.
Layoffs hit patch as new parent company restructures. More from new york city up next on new york city patch. In central massachusetts, sam bonacci reported that as many as twothirds of the employees were fired. My sources at aol put the actual number at approximately 950 regular employees and 300 contractors from various departments including new technology and marketing. A year later, aol moves its corporate headquarters from virginia to new york city, liquidating 40% of its workforce 2,000 people in the process. Patch used to be a cautionary tale of the perils of solving the thorny problem of doing local news in digital media. The company offers online products, contents and services to publishers, consumers and advertisers. The layoffs are expected to occur within the next few weeks. Armstrong confirms hundreds of layoffs at patch, 400 sites. Find new york news from the new york daily news, providing local news coverage for every new york city neighborhood.
With the sales closure, aol laid off several hundred more staffers before turning control of patch over to hale. Layoffs begin as aol looks to close or sell 400 patch sites. Aol to slash 500 jobs at patch local news service aol. At its aolowned peak, patch had close to 1,000 employees. The truth is that patch in 2019 is not that far off from the pitch former aol ceo tim armstrong used to deliver when he was proselytizing for patch years ago. Aol inc is a privately owned company in america that is popularly known as america online. Armstrong confirms hundreds of layoffs at patch, 400. Aols patch local news sites to lay off up to 500 cbs boston. The layoffs had been anticipated after aol ceo tim armstrong warned employees in a meeting on. Coast cities all but one local editor was let go last week as part of the media organizations national layoffs. Patch profitable, presumably, would involve mass layoffs layoffs that would. And shortly after, emails and responses started to come in. Among those being cut is vice president of aim products, jason shellen. Aaron castrejon, who covered crime, education, and city politics for the altadena patch, wrote a heartfelt goodbye to readers, thanking them and speaking wistfully about stories he would have liked to have had the chance to cover.
Signs that aol was looking to unload patch began to emerge last year when aol eliminated about 300 of 1,200 patch sites and laid off more. Patch hit with sweeping layoffs as new owner hale global. According to several people close to the situation, the new yorkbased internet giant will lay off up to several hundred. New yorks unemployment system collapses from new coronavirus layoffs. Studio city, ca patch breaking local news events schools. We reported yesterday that aols hyperlocal news service would lose. Hundreds of employees of the hyperlocal patch sites were being laid off on wednesday as part of aols previously announced plan to spin off the moneylosing operation to a new joint venture.
Mass layoff data are published monthly and the extended mass layoffs data are published quarterly on the bureau of labor statistics mls web site. Aol to impose more cuts at patch, its local news operation. With aol and yahoo set to merge under verizon, both companies could lose up to 1,000 employees between them. Monthly mls data for new york state historical data. Major layoffs loom for aol and yahoo, report says cnet. And yet, armstrong quickly made a name for himself in new york. Patch is an american local news and information platform, primarily owned by hale global. Aols chief demonstrates the worst way to fire someone. Mass layoff statistics new york state department of labor. Many more layoffs should come next week, hundreds of patches will close. The company actually grows, develops and invests in websites and brands. Aol will lay off several hundred employees, starting tomorrow the aol layoffs are finally here, and they are smaller than some had been expecting. Aol is planning another round of layoffs at patch, its struggling local news operation. Neither hale global nor aol would comment on the layoffs.