Artnet has implemented sweeping layoffs following its consolidation with Artsy under a single leadership team led by CEO Jeffrey Yin. The cuts have severely impacted Artnet News, resulting in the departure of veteran senior reporters Sarah Cascone and Eileen Kinsella, while Andrew Russeth has been named interim editor. Additionally, Artnet’s German entity is being wound down, affecting the Berlin-based team responsible for the platform's online sales operations.
This consolidation marks a major shift in the digital art landscape, merging two of the industry's most influential platforms for market data, journalism, and e-commerce. The move follows a period of financial instability for Artnet and a takeover by Beowolff Capital. While leadership claims the merger will create an unprecedented global platform for collectors and galleries, the significant reduction in editorial staff raises concerns about the future of independent art journalism and market transparency.