I miss being able to unsubscribe from my annoying acquaintances. It's too socially awkward to defriend some people who post 15 inspirational messages a day.
You can still do that they just changed the name. Where the unsubscribe thing was there is now a drop down that you can uncheck put posts in your your feed.
Found it, that's a pretty odd design choice actually, that button doesn't look like it's going to trigger a dropdown, in fact it looks like it would unfriend the person if clicked.
Click the arrow, and hit hide post.
Then click 'change what updates you receive from X'