Business Insider axing 21% of workforce as AI…
Business Insider is shedding about 21% of its workforce, an inner memo confirmed on Thursday, as the financial information outlet grapples with shrinking search site visitors and the growing use of generative AI instruments such as ChatGPT.
The New York-based company joins a number of digital media firms in restructuring operations as shoppers more and more rely on artificial intelligence for information synopsis, which is eating into web site visitors.
In the memo, CEO Barbara Peng advised workers the company now generates twice as a lot income for each web site go to as it did two years in the past, but 70% of…
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