Business Insider's union vehemently criticized parent company Axel Springer following an announcement of layoffs affecting about 20% of its workforce, marking the third round of layoffs in three years. The union asserts this decision exemplifies a pivot from core journalistic values towards greed, highlighting the firm's financial strength. CEO Barbara Peng noted that the company was scaling back unproductive departments, yet the union pointedly criticized the concurrent focus on integrating AI technology as tone-deaf, underscoring the inadequacy of technological solutions in replacing human journalists.
Business Insider's management is again prioritizing AI technology over its workforce, revealing a shift away from traditional journalism and values that protect its staff.
Insider Union decries the layoffs as a failure of leadership, emphasizing the detrimental impact of corporate strategies on talented staff members throughout the company.
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