Thursday, March 10, 2011

Sale of Huffington Post results in Lost Jobs

It seems to always be the way...whenever one company is bought out by another company...there's duplication of work - presumably payroll or something, and people lose their jobs. But 200 people? That's a lot!
Story #4: AOL Lays Off 200 to Pay "Zsa Zsa" Her Millions

RUSH: By the way, have you heard...? I don't know if you keep track of this kind of stuff. You heard about the big news a couple weeks ago that the AOL people had purchased or merged or whatever with the Huffing and Puffington Post; and "Zsa Zsa" walks out of there with... What did she get? I saw... (interruption) How many? She got $108 million out of it. I saw a bunch of different numbers, $20 million to a hundred million that she got. Anyway, the big news is the merger is now official and they have laid off 200 people, 20% of the workforce, 20% of the Huffing and Puffington Post. Well, that's 20%.

I forget. I think I saw the number, hundreds of people had been laid off. After... (interruption) Oh, yeah, another few hundred in... (interruption) Right. 20% of the workforce, but 200 people in the country and another hundred or so in India. I didn't know the Huffing and Puffington Post had people in India. (interruption) AOL? Oh, that's right! So AOL lays off... In other words, to handle the purchase, that's what happened, because a lot of Huffing and Puffington contributors are working for nothing. But "Zsa Zsa" got her hundred million on the backs of the poor yet what do we always here? It's like always people like "Zsa Zsa" doing what they're doing "for the little people." They're doing it from their hearts because they care. It's always these evil, rich, conservative fat cats whose deals result in people losing their jobs.


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