TheStreet pink slips nearly a dozen workers in latest round of layoffs

Another round of cutbacks jolted Jim Cramer’s struggling financial news site, TheStreet on Friday, The Post has learned.Close to a dozen people, including columnist Susan Antilla, were given pink slips, sources close to the situation said.The site is also...

TheStreet pink slips nearly a dozen workers in latest round of layoffs

Another round of cutbacks jolted Jim Cramer’s struggling financial news site, TheStreet on Friday, The Post has learned.

Close to a dozen people, including columnist Susan Antilla, were given pink slips, sources close to the situation said.

The site is also facing delisting if its share price doesn’t close above $1 for 10 straight days before June 12. The shares closed Friday at 86.7 cents, up 6 percent, or 4.9 cents.

Antilla, the author of the 2002 book about Wall Street sexcapades, “Tales from the Boom Boom Room,” last year hauled in eight major awards for her column that she has written for the site for the past three years.

Also laid off is 13-year veteran news anchor Gregg Greenberg, head of video Ruben Ramirez, and Rhonda Schaffler, who was an anchor for many of TheStreet’s video projects and frequently interviews Cramer on the floor of the stock exchange for videos on TheStreet, sources said.

Several reporters from The Deal, a sub-site, were also let go, including Bob O’Brien and Lou Whiteman. The company booted its CEO Elizabeth DeMarse in February 2016 and installed David Callaway from USA Today as its new CEO in late June to remake the financial site.

“The company has a lot of cash on the balance sheet, but the stock is way down and they have to get it over $1,” said one source familiar with the situation.

A representative of The Street declined comment.

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