Overview
- Artsy and Artnet, which announced a shared leadership structure on Wednesday with Jeffrey Yin as CEO and Andrew Wolff as chairman, confirmed layoffs as they combine operations.
- Sources reported that Artnet News saw deep cuts, the Berlin team was affected, and the company will close its German entity as part of a separate business decision.
- Artforum cited reporting that veteran Artnet News reporters Sarah Cascone and Eileen Kinsella were let go, with Andrew Russeth expected to serve as interim editor.
- The companies said both sites will continue to run as separate brands for users and partners, with near-term changes focused on back-end systems and shared data.
- Leaders frame the consolidation as a way to merge Artnet’s pricing data, auctions, and journalism with Artsy’s discovery and sales tools, reflecting a broader push for scale in art-tech after Artnet’s recent financial strains.