AOL to Cut Several Hundred Jobs in India

AOL Inc (NYSE:AOL) is cutting several hundred jobs in India, two sources familiar with the matter said on Thursday.

The layoffs come about a month after AOL said it would buy The Huffington Post news and commentary Web site for $315 million.

It was unclear how many jobs AOL is cutting. Technology and media news websites and News Corp's (NASDAQ:NWS) All Things Digital said AOL is cutting 400 jobs.

"The number is close to the truth," said an AOL source who declined to be identified for fear of being fired in retaliation.

Some other employees will keep their jobs, but will be transferred to contractors MindTree Ltd  and Hewlett-Packard Co (NYSE:HPQ), the sources said.

A written statement from AOL confirmed that MindTree and Hewlett-Packard will take over some of its functions in India.