AOL will cut more than 900 jobs

AOL Inc (AOL.N) will cut more than 900 jobs, or nearly 20 percent of its global workforce, as it struggles to catch up to Google Inc (GOOGLE) and Facebook.

AOL, which has 5,000 workers, will cut about 400 jobs in India, outsource another 300 there, and eliminate 200 jobs in the United States, a source close to the company said.

IBM offers to shift workers losing jobs to lower-wage countries

Some of the workers being let go by IBM have a chance to remain with the company — if they’re willing to move to Brazil, India, China or a dozen other low-wage countries. But the expatriate employees would likely be paid local wages as they begin their new lives overseas.