AOL, the American Internet services and media company, has announced this week that it is planning to lay off over 1,000 of its staff. This announcement was made as the business streamlines its efforts towards Web content publishing.

The company will be focusing on new online content and news blogs such as Politics Daily and Engadget.
Scott Steinberg, analyst with Digital Trends the media research site, has explained:

“This is a large behemoth trying to reposition itself as a smaller, more agile player in the online publishing space.

“The big question is whether AOL is going to be able to adapt fast enough.”