SOURCE: For AOL Patch, The 'Bloodbath' Begins Tomorrow Morning

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AOL offices

A source who works at the headquarters of AOL's local news network of sites, Patch, tells us there is supposed to be a "bloodbath" tomorrow. 

A week ago, AOL CEO Tim Armstrong told analysts that the company would shrink Patch, a local news network of sites, from 900 to 600 sites.

Patch employees took this to mean that a few hundred of them were getting laid off.

But then, the next day, Armstrong held a conference call with Patch employees and indicated that while changes were coming, layoffs might not be.

He said maybe AOL would be able to sell some Patches.

Then Armstrong said he was going to take charge of Patch personally, and make sure it succeeded.

These words might have boosted morale at Patch, but during the same call, Armstrong interrupted himself to fire a Patch executive in front of everyone.