<ul><li>Business Insider is laying off about 21% of its employees as part of a major restructuring move due to declining web traffic and changing consumer habits.</li><li>The company is adjusting its business model to adapt to reduced visibility through search engines and the increasing use of AI tools like ChatGPT in news consumption.</li><li>Business Insider is boosting its AI integration across operations, with a focus on content production and user experience enhancements, while scaling back on commerce-related initiatives.</li><li>To diversify revenue streams, the company is launching a new events-focused division called BI Live as part of its strategy amidst a broader trend in the media industry towards cost-cutting and modernization.</li></ul>

Business Insider cuts 21% of workforce amid shift toward AI

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