News site Insider — formerly known as Business Insider — said it is slashing 10% of its workforce due to “significant pressure” and “economic headwinds.”
Thursday. “Unfortunately, to keep our company healthy and competitive, we need to reduce the size of our team.”BuzzFeed’s parent company announced it was shuttering its award-winning BuzzFeed News siteInsider’s shakeup will amount to roughly 100 jobs being cut at the New York-based media company, which employs 950 staffers globally.
In a memo Insider CEO Henry Blodget said the company is facing economic headwinds and would have to cut 10% of its workforce as a result.BuzzFeed News shuts down as parent company lays off 15% of staffers A source at Insider said there will be a company-wide meeting at noon, which will provide further clarity on the layoffs of union members.
Insider and BuzzFeed are largely indistinguishable.