Tom Kludt of CNNMoney.com writes about the recent turnover at Business Insider, which has lost some of its top editors and reporters in the past two months.
Kludt writes, “Blodget, a former stock analyst who agreed to a lifetime ban from the securities industry to settle allegations that he gave out fraudulent advice, tried to ease concerns over recent departures during a staff meeting held last Wednesday at the company’s headquarters.
“He told those gathered in the newsroom that turnover is actually an encouraging sign because it means that employees are succeeding.
“In a statement to CNNMoney, Blodget noted that Business Insider’s newsroom has grown 70% in the last year, a time when other outlets have cut back.
“‘It’s always sad to say goodbye, but we have incredible journalists who are in great demand, and they are frequently presented with wonderful opportunities elsewhere,’ he said. ‘Happily, we have a very deep bench and amazing new colleagues joining us all the time, so our team just gets stronger.’
“A spokesperson said that Business Insider has hired 24 new editorial employees since November, when Axel Springer officially acquired the company.”
Read more here.
