Major layoffs have hit Artnet and Artsy following their consolidation under the UK-based investment firm Beowolff Capital. The staff reductions occurred just one day after the merger announcement and include the departure of veteran Artnet News reporters Sarah Cascone and Eileen Kinsella, who both served the publication for over a decade. As part of the restructuring, Artnet will also shutter its German entity, while Andrew Russeth has been tapped to serve as interim editor.
This consolidation marks a significant shift in the digital art landscape, reflecting the financial pressures facing art journalism and online marketplaces. With Artnet reporting a 12 percent revenue drop in early 2025, the merger suggests a move toward leaner operations and a potential deprioritization of editorial content in favor of transactional data and sales platforms. The loss of high-profile reporters underscores the precarious state of independent art media within larger corporate structures.