Insider to lay off 10% of U.S.-based staff to stay ‘healthy and competitive’

Insider is laying off 10% of its staff in the US, saying this is necessary so it can stay “healthy and competitive.”

Insider Inc president Barbara Peng emailed staff at approximately 7 a.m. Eastern time on Thursday to inform them of the cuts.

The company said its goal was to be “as transparent as possible, as quickly as possible” and that affected employees would receive a follow-up email within the subsequent 15 minutes.

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