New York Times 1/30/14: New Owner of Patch Lays Off Hundreds. Just two weeks ago, AOL announced that it was handing over the majority stake in Patch, its troubled local news enterprise, to Hale Global, an investment company that specializes in turning around troubled companies through technological innovation. Hale said at the time that its intention was to keep operating all of Patch’s 900 sites and that no staffing decision had been made. On Wednesday morning, the decision became evident when hundreds of Patch employees were laid off in a reorganization.
New Owner of Patch Lays Off Hundreds
