AOL makes deep job cuts at local news group Patch

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 America online company said Friday that it would cut loss patch local news web site a considerable number of employment opportunities of the business, said a source close to the company, about half of the 1000 laid-off employees.
Layoffs AOL's Labour force will be reduced 10%, the company said, in the late Friday in a regulatory filing. (http://r.reuters.com/bez42v)
AOL in 2012 at the end of the year, has 5600 employees, in February to a regulatory filing.
The company said on Friday, it is expected to produce cost, related to the job cuts of $14 million $180000 yuan, this year.
The company said it would merge or close some patch sites, companies to cut costs, and other media partners, in some places. It didn't say media company said, or say which website, it will be shut down. It is expected to keep most of the sites of the network traffic.
AOL has been one of the company into a hard rely on advertising, media and entertainment destination for chief executive Tim Armstrong (Tim Armstrong) in 2009.

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He is one of the biggest bet, including patch, a group of local sites across the ornament in the United States, the company has spent about $1.5 million.
Armstrong and AOL's board of directors meeting to discuss the patches cut costs, the unit profit target this year.
Patch communication subscribers have 350 and 4.7 million registered users, and is growing rapidly, the company said.
Earlier this week, Armstrong said he had made a mistake, public employees in 9.
Armstrong hear phone recording has been leaked to the media launch Abel stare blankly at AOL's patch unit, the creative director, he told the leng put down the camera. Luntz still fired, the company has said.