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AOL to lay off about 150, mostly in sales

Tim Armstrong
Jason Alden | Bloomberg | Getty Images
Tim Armstrong

AOL is expected to announce later today about 150 layoffs, mostly in sales, according to technology news website TechCrunch.

The company also plans to consolidate some of its websites in an attempt to reorganize, sources told TechCrunch. The AOL gaming website Joystiq and Apple News website TUAW are expected to consolidate into Engadget, and Autoblog has absorbed AOL Autos.

AOL is expected to announce these layoffs and plans for reorganization ahead of its fourth-quarter earnings on Feb. 11. TechCrunch reports the company plans to cut salespeople and place a heavier investment in sales technology.

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According to TechCrunch, AOL's profit is currently derived not by its advertising sales, but by its legacy dial-up business and other paid services. The company reported $626.8 million in revenues in its third-quarter.

Click to read the full story from TechCrunch.