The layoffs were across the board, but primarily on the business side of the operation, said CEO Elisabeth DeMarse in an email.
Earlier Friday, TheStreet announced that Jeff Kanige, the editor in chief of TheDeal, would also become editor in chief of TheStreet, replacing Janet Guyon. Guyon had been editor in chief since April 2014.
Among those laid off were the head of advertising sales and the product development manager for TheStreet’s OptionsProfits.
In the past few years, TheStreet has been under pressure from some of its investors.
In July, one investor called for DeMarse’s resignation for failing to boost the company’s stock price. And in December 2014, another investor called for co-founder Jim Cramer to resign or sell the company.
The company’s stock rose 3 cents to $1.74 on Friday.
Business Insider founder Henry Blodget sent out the following on Friday: Team, Seventeen years ago,…
Dow Jones & Co., the parent of The Wall Street Journal, MarketWatch.com, Barron's and Investor's…
The Independent has hired Justin Baragona as a senior reporter. He will be covering the intersection of…
Author and editor James Ledbetter was a beloved friend, Economic Hardship Reporting Project Board member…
Financial Times editor in chief Roula Khalaf sent out the following on Friday: Hello everyone I'm pleased…
Ken Brown of The Wall Street Journal is leaving the news organization. He is an…
