More than 900 of the company's 5,000 workers will lose their jobs, Reuters reports. AOL will cut about 400 employees in India, outsource another 300 positions and eliminate 200 jobs in the United States, the story said.
AOL (AOL) slips after Reuters reports that the company will cut about 20% of its global workforce to restructure in a bid to catch up with faster moving rivals, a source close to the company said.
