Published 3 months ago

Business Insider to lay off 8 percent of newsroom

Business Insider is cutting 8% of its staff as part of efforts to refocus and stay afloat in the challenging news industry.
Impacted employees will receive at least 13 weeks of pay and medical coverage, as well as career support.
Many major news organizations, including the Los Angeles Times and TIME magazine, have also recently undergone significant job cuts.

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Reuters

Headline Unavailable

3 months ago·United Kingdom

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USA Today

Business Insider to lay off around 8% of employees in latest media job cuts

Business Insider is the latest media company to conduct layoffs in 2024, joining Sports Illustrated, the Los Angeles Times and Pitchfork.

3 months ago·United States

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KIFI

Business Insider cuts 8% of staff, becoming latest news outlet to undergo layoffs

By Oliver Darcy, CNN New York (CNN) — Business Insider said Thursday that it will cut 8% of its staff, becoming the latest news organization to undergo a round of painful layoffs as news companies struggle to stay afloat amid brutal industry headwinds. In a memo to staff, Barbara Peng, chief executive of Business Insider, said the digital outlet needed to refocus its priorities and “efforts toward this future.” “Unfortunately, this also means we…

3 months ago·Idaho Falls, United States

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Channel News Asia

Business Insider to lay off around 8% of its workforce

Business Insider is set to lay off around 8 per cent of its staff, CEO Barbara Peng said in a post on the company's website on Thursday.

3 months ago·Singapore

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The Hill

Business Insider to lay off 8 percent of newsroom

Business Insider plans to lay off around 8 percent of its employees as a cost-cutting measure, according to a memo sent by the outlet’s leadership to staffers Thursday. “This year is about making it happen and focusing our company and efforts towards this future. We have already begun to refocus teams and invest in areas…

3 months ago·Washington, United States

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