AOL is expected to announce Thursday that it will lay off 500 people, or 5 percent of its staff, as it shifts focus. “The layoffs are related to a 2017 strategy where we will add to our business,” AOL CEO Tim Armstrong said in an interview with Recode. “These are super targeted by area and …
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AOL’s latest acquisition will bring 360-degree video and virtual reality content to the Huffington Post, the digital media company said Wednesday. AOL has signed a deal to acquire RYOT, an immersive media company and virtual content studio that creates films, videos, 360-degree videos and virtual reality. Los Angeles-based RYOT will work with the AOL-owned Huffington Post to create content for …
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