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Shares of AOL (AOL) are down 8 cents, or 0.4%, at $19.26 as the company plans to cut 20% of its workforce, or about 900 people out of a total of 5,000, including 400 jobs in India and 200 in the U.S., citing anonymous sources.

The article follows a piece by Kara Swisher late yesterday on AllThingsDregarding the cuts in India. An anonymous AOL source confirmed the India cuts toReuters’s Supantha Mukherjee. Consultancy MindTree Ltd of Bangalore, India, and Hewlett-Packard (HPQ) are to pick up some AOL workers in India, who are being transferred, not laid off.

Swisher points out that the latest cuts are less draconian than the 2,300 or so that were let go in January, which AllThingsD’s Peter Kafka chronicled at the time.