Connect with us

Hi, what are you looking for?

Media

Business Insider Undergoes Yet Another Brutal Round of Layoffs

via CNBC

Business Insider is undergoing an 8% staff reduction as part of a restructuring effort for future growth.

CEO Barbara Peng expressed gratitude for the departing employees and outlined the support they will receive.

The company, acquired by Axel Springer in 2015, has faced scrutiny after publishing an article about Bill Ackman’s wife, leading to a review of its processes.

“We have already begun to refocus teams and invest in areas that drive outsize value for our core audience. Unfortunately, this also means we need to scale back in some areas of our organization,” Business Insider CEO Barbara Peng wrote.

“We’re saying goodbye to wonderful colleagues who have helped build Business Insider into what it is today,” Peng wrote. “We are deeply grateful for their passion, energy, and teamwork and we appreciate them.”

“We stand by Business Insider and its newsroom,” Axel Springer stated.

Read Also:

Iconic Food Chain Closes Due To Crime In Blue State

Donald Trump Jr. Weighs In On VP Pick

Trending

You May Also Like

Politics

President Joe Biden delivered a speech during the signing ceremony of a proclamation to establish the “Emmett Till and Mamie Till-Mobley National Monument” in...

Politics

The ex-husband of First Lady Jill Biden is speaking out about serious concerns with “the Biden crime family.” Delaware businessman Bill Stevenson sat down...

Politics

Joe Biden’s 2020 presidential campaign repeatedly insisted that he had no involvement in his son Hunter’s overseas business dealings. “I have never spoken to...

U.S. News

A 911 call was made from former President Barack Obama’s Martha’s Vineyard estate after a 45-year-old man struggled for his life. Just yards away...