AOL: Tim Armstrong says job cuts possible in the future

AOL: Tim Armstrong says job cuts possible in the future

AOL CEO Tim Armstrong has admitted that they cannot rule out job cuts in the future as the company aims to get back to profitability.

He has been working hard on restructuring the company to ensure that they do not waste any resources.

The company did not reveal what kind of job cuts we can see in AOL in the future.

Armstrong had recently said that they are now going to focus on developing more localized web sites to enhance their products and services.

AOL has around 7000 employees. It is expected to become a separate entity from Time Warner later this year.