All articles tagged with #barbara peng
Business Insider is cutting 8% of its staff as part of a new direction for the company, with CEO Barbara Peng expressing gratitude for the departing employees' contributions. This move comes amid industry-wide struggles, making Business Insider the latest news organization to reduce its workforce in recent weeks.
Henry Blodget, co-founder of Insider, is stepping down as CEO of the publication and will become the board's chair, while President Barbara Peng will take over as CEO. The company will also change its name back to "Business Insider" as part of a rebranding strategy. German publishing giant Axel Springer SE, which acquired a majority stake in Insider in 2015, retired the "Business Insider" name in 2021 but has now decided to bring it back. Blodget expressed excitement about launching new projects with Business Insider and Axel Springer in the future.