MindTree

Rumors of impending layoffs at AOL India (NYSE: AOL) have been confirmed, and indications suggest that the layoffs have already begun. AOL CEO Tim Armstrong was questioned about layoffs at a conference last week, to which he responded, "there's no way around it, but we'll do it thoughtfully." News...

At a news conference last week, AOL (NYSE: AOL) CEO Tim Armstrong admitted that, following the company's $315 million acquisition of the Huffington Post, layoffs are inevitable. "There's no way around it," said Armstrong, "but we'll do it thoughtfully." Armstrong's apparent compassion stems from...