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.
Riley Hallaway, a video director and editor at Forbes, is leaving to become a multimedia content…
Barron's is looking for an early-career editor to support our lead commentary editor and help…
The Wall Street Journal is seeking a deputy bureau chief to help shape and shepherd…
In March, the Stigler Center will welcome eight world-class journalists from across the globe for…
Entertainment industry publication The Ankler is starting an entertainment business trade publication focused on the…
The Atlantic has hired Griff Witte as a managing editor to lead its growing politics and accountability team.…