New Delhi: American Internet major AOL is laying off hundreds of employees in India. The Internet entity will be slashing more than 400 jobs in India.

AOL, which has been grappling with intense competition and sluggish business prospects, is trimming its workforce as part of restructuring efforts to revive itself.

Going by estimates, AOL has about 1,000 employees in India and will be reducing the strength by around 50 per cent.

"AOL will, however, retain those people who are involved in servicing the Japanese operations from India, running of mobile service Coolage and in the marketing team," a source said last week.

The firm's India portal offers e-mail, instant messaging, news, sports, entertainment and a host of other information and content.

The company which is cutting jobs in bulk in India, however, is on a hiring spree in its home country and a few other overseas markets including the UK and Ireland.
According to its website, the company posted over 200 job openings in March alone. The openings are mostly in the US and there are also vacancies for operations in the UK and Ireland, among others.

The firm is hiring people for various segments, including corporate services, advertising, consumer applications and media/content.

Globally, AOL has nearly 5,000 employees, including those from recently acquired news portal Huffington Post.