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Business Insider Laying Off 8% of Staff
Business Insider said it will cut 8% of its staff in a restructuring aimed at positioning the company for growth.
In the latest wave of layoffs to hit the digital media biz, Business Insider said it will cut 8% of its staff in a restructuring aimed at positioning the company for growth. Founded in 2007 as Business Insider by former Wall Street analyst CEO Henry Blodget, the company was acquired in 2015 by Axel Springer, one of Europe’s largest digital publishing and media conglomerates, for $343 million. The company also will offer career support services including coaching sessions, resume review and training on networking, interviewing and negotiations, she added.
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