"Business Insider Slashes 8% of Workforce in Latest Layoffs"

Business Insider announced it will cut 8% of its staff as part of a refocusing effort, joining a wave of news organizations undergoing layoffs due to industry challenges. The CEO cited the need to prioritize efforts for the future, with affected employees receiving at least 13 weeks of pay and medical insurance. This move comes amid similar actions by other major news outlets, reflecting the broader struggles faced by the industry due to advertising challenges and the decline of traditional business models.