"Business Insider to Lay Off 8% of Staff"

Business Insider is cutting 8% of its staff in a restructuring effort aimed at driving value for its core audience. The layoffs come after a previous round in April 2023 and are part of a move to position the company for growth. CEO Barbara Peng expressed gratitude for the departing employees and outlined support measures including pay, medical coverage, and career services. The company, acquired by Axel Springer in 2015, recently faced scrutiny over an article about billionaire investor Bill Ackman's wife, prompting a review of its processes.