Saturday January 31, 2015

AOL Insider: 'The Sales Team is Getting Annihilated Today'

It was truly a Black Friday over at AOL corporate headquarters on Friday. AOL announced the layoff of at least 150 workers in the sales area, including the closing of Joystiq and TUAW, two valuable news sites that will be folded into TechCrunch, minus most of their experienced staff.

Our first source tells us this is mostly correct: AOL is moving toward more programmatic and platform-based products, while focusing its content efforts on the sites with the highest traffic, like the Huffington Post.