TheStreet.com makes more layoffs
Financial news site TheStreet.com made more layoffs to its editorial staff, according to multiple sources.
The cuts totaled 10 and included many senior, high-paying business journalists. It’s the second layoff in the past six months. In October, TheStreet also made some cuts on the editorial and business sides.
The struggling financial news service has overhauled its management team in the past year. However, its stock price has fallen below $1 per share and the company risks being delisted. A hedge fund is also taking aim at the company.
Among those who were laid off on Friday were columnist Susan Antilla.
Antilla has been a financial journalist for 30 years, writing for The New York Times, USA Today and Bloomberg View, among others. Antilla is author of “Tales From the Boom-Boom Room,” the 2002 book that exposed a culture of sexual harassment at financial companies.
Also cut was anchor Gregg Greenberg, who had been with TheStreet since November 2003.
Before joining TheStreet, Greenberg was a writer and segment producer for CNBC’s “Closing Bell.” He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds.
Senior reporter Lou Whiteman, who previously worked at American Banker and the Baltimore Business Journal, was also laid off. Whiteman has covered transports and the industrials for The Deal for nearly two decades, developing extensive contacts including industry leaders, consultants, regulators and labor representatives.
Business television journalist Ruben Ramirez, its assignment editor and head of video content, was also laid off. Ramirez had been with the company since March 2013. He previously worked at “Nightly Business Report.”
Andrew Bulkeley, a former Berlin-based European correspondent for The Deal for over a decade, was also laid off. He had moved to Portland, Oregon in the past year for family reasons but still contributed to The Deal and TheStreet. Bulkeley covered some of Europe’s biggest deals, including the marriage and divorce of Daimler and Chrysler, Vodafone’s record acquisition of Mannesmann, and the turbulent non-sale of General Motor’s Opel.
TheStreet CEO David Callaway and editor in chief Tara Murphy declined to comment.
The company’s shares closed Friday at 87 cents, up 5 cents, or 5.99 percent.