That was fast.

Longtime–well, five years, which is a dog’s age at the search giant–Google sales exec Dennis Woodside will become VP, Americas Operations, replacing outgoing exec Tim Armstrong, who was named chairman and CEO of Time Warner online unit AOL last week.

Woodside will start in the next few weeks, said Google in an internal communication about the appointment, as Armstrong transitions from Google to AOL.

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First came the go-go hello email, and now new AOL Chairman and CEO Tim Armstrong will address all the troops tomorrow at 11 am EST and has chosen to do so from, of all places, AOL’s old center of power in Dulles, Virginia.

Many at AOL hope that Armstrong will quickly and transparently lay out plans for a spin-out of the Time Warner online unit from the media conglomerate, where it has languished for years.

And sources said Armstrong could further up the ante and help raise the layoff-weary morale by having some former AOL execs from its glory days as the top online player in person at the event.

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Time Warner online unit AOL is cutting 700 employees due to the weak economy and the ensuing falloff in advertising revenue, but also because of recent structural changes made to refocus the once-mighty service.

AOL CEO Randy Falco sent a memo this afternoon to AOL staff about the layoffs and other cost cuts being made, confirming the moves.

Other changes: Goodbye to raises and a hello to a consolidation of AOL’s facilities.

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