Why Business Insider Is Axing 100-Plus Staff and Who Is Leaving
7 Articles
7 Articles
Why Business Insider is axing 100-plus staff and who is leaving
Massive job cuts at Business Insider follow the site losing around half its traffic over the last five years. Press Gazette analysis shows that entertainment, environment, audience growth, personal finance and technology are among the reporter roles hardest hit by a decision to cut 21% of jobs (at least 100 people). Press Gazette has produced a complete list of known Business Insiders leavers at the end of this story. Senior names exiting the bu…
DECRYPTAGE - The pure player, integrated into the Axel Springer group since 2015, will separate 20% of its employees. He now wants to bet on the event and the AI.
Senior editor Steussy among the Business Insider layoffs
Senior editor Lauren Steussy was among the layoffs at Business Insider last week. She had been with the publication since March 2022 and was based in Los Angeles. “I genuinely liked my job, and I’m already missing the brain massage that was brainstorming and editing with incredible writers/reporters/thinkers/doers,” she wrote on LinkedIn. Steussy previously was at the […]
On Thursday, Barbara Peng, CEO of Business Insider (Axel Springer), announced in an internal note that the company was going to lay off about one in five employees (i.e. 21% of the workforce). This decision aims to adapt the business model of the media, reducing its dependence on "traffic-sensitive" activities such as e-commerce, increasingly affected by the drop in visits via search engines, notably due to IA tools such as Google AI Overviews o…
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