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Business Insider Layoffs: 21% of Staff Cut in Shift to AI, Live Events
Business Insider laying off 21% of its employees as it pulls back in some areas and beefs up its live events business and the use of AI.
Founded in 2007 by former Wall Street analyst Henry Blodget, Business Insider was acquired in 2015 by Axel Springer, one of Europe’s largest digital publishing and media conglomerates, for $343 million. Today we’re making significant organizational changes that are part of the strategy we set in motion a year and a half ago: to be the essential source of business, tech, and innovation journalism for an audience determined to succeed and unafraid to challenge convention to do it. Over 70% of Business Insider employees are already using Enterprise ChatGPT regularly (our goal is 100%), and we’re building prompt libraries and sharing everyday use cases that help us work faster, smarter, and better.
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