American internet & media firm AOL has announced that it would slash its workforce by 900 jobs, or 20 per cent, as a part of its restructuring program following the acquisition of online newspaper "The Huffington Post".

In February, AOL acquired the Huffington Post for $315 million (£196m). AOL wants to slash jobs to offset duplication between the two companies.

Around 200 jobs will be slashed from the company's US content & technology divisions. Another 700 jobs will be hacked from back office roles based in India. But, 300 of these jobs will be outsourced to third-party groups.

Currently, AOL has no plans for further job cuts. But, AOL's chief executive Tim Armstrong has not ruled them out in the future. Though, he remained optimistic about the company's future.

In an interview with the Financial Times, Mr. Armstrong said, "Right now there are no future changes planned, but in our situation we don't have the luxury of long-term planning. AOL will turn around; I have no doubt about it."

Over the past one year period, AOL made several acquisitions, including social-network aggregator About. me and website TechCrunch.