Business Insider said on Thursday that it was laying off 8 percent of its staff, the latest in a wave of sharp job cuts in the media industry this month.
Barbara Peng, Business Insider’s chief executive, said in an internal note that the job cuts were part of a plan, announced late last year, to shift focus solely to news coverage of business, tech and innovation.
“We have already begun to refocus teams and invest in areas that drive outsize value for our core audience,” Ms. Peng wrote.
“Unfortunately, this also means we need to scale back in some areas of our organization.”Ms. Peng added: “We’re committed to building an enduring and sustainable Business Insider for the coming years and beyond.”
Persons:
Barbara Peng, ” Ms, Peng, “, Ms, “ We’re, ”