The Patch, an AOL company, Shows Decline with Hundreds of sites possibly closing

It was reported this week that Patch will be laying off hundreds of employees and possibly closing hundreds of sites down. reports, "We reported yesterday that AOL’s hyper-local news service would lose hundreds of employees today, and now we have confirmation from a well-placed Patcher privy to the call that AOL CEO Tim Armstrong did indeed confirm to employees that hundreds would be laid off, with notifications of who will be let go coming throughout the coming week. … [Read more...]