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Still worse, by the CEO. According to Business Insider, last week AOL’s CEO Tim Armstrong told Wall Street they’re cutting Patch – AOL’s local news network – websites from 900 to 600. As a next step, Armstrong got on a conference call with those 1,000 Patch employees with the intention of boosting morale and to talk about what’s next.
AOL CEO Tim Armstrong’s firing of a Patch employee and subsequent apology. In August 2013, AOL CEO Tim Armstrong announced that AOL would be reducing the number of Patch websites. Soon afterward, Armstrong spoke to 1,000 employees on a conference call that was intended to boost morale and discuss the future.
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