The Syosset Patch editor, along with hundreds of other Patch.com employees were laid off Wednesday, after AOL handed over its majority stake in the troubled company to investment company Hale Global, who let three quarters of the staff go.
Blogger Jim Romenesko posted a transcript of and link to a conference call that Patch CEO Leigh Zarelli Lewis had with employees at 10 a.m.
“Patch is being restructured in connection with the creation of the joint venture with Hale Global,” Lewis said, according to the transcript. “Hale Global has decided which Patch employees will receive an offer of employment to move forward in accordance with their vision for Patch and which will not. Unfortunately, your role has been eliminated and you will no longer have a role at Patch and today will be your last day of employment with the company… Thank you again and best of luck.”
So far neither Hale Global or AOL have released a statement on the layoffs.