Nicholas Carlson of Business Insider is reporting that there are huge layoffs occurring at TheStreet.com, which earlier this month named a new CEO and a new editor in chief.
Carlson writes, “A source in contact with TheStreet.com employees says it has cut all of its Main Street staff, three people in Boston, and some tech employees.
“‘Apparently there was some bouncer guy in the hallway in case anyone lost it,’ says a source.
“Layoffs suck and we’re sorry to hear anyone is having to go through this today.
“We’d go over the names of people we’ve been told who are laid off, but it’s easier to say who is staying.
“People who will remain at the company include: Chris Westfall (finance editor), Dan Freed, Shanthi Bharatwaj, Antoine Gara in finance reporting, and James Rogers, Deb Borschardt in tech. Video producer Gregg Greenberg will also remain.
“TheStreet.com declined to comment.”