| The Associated Press
In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams. BuzzFeed is also considering making job cuts in international markets. “I’ve learned from these mistakes, and the team moving forward has learned from them as well,” Peretti wrote. “We know that the changes and improvements we are making today are necessary steps to building a better future.”
Smith made the controversial decision in 2017 to publish a “dossier” of information about then-President Donald Trump, even though many outlets avoided it as unreliable and even Buzzfeed said there were serious reasons to doubt the allegations. He wrote then that “we have always erred on the side of publishing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BuzzFeed Moves to Close BuzzFeed News, Lays Off 15% of StaffBuzzFeed is laying off 15% of its staff and making plans to end BuzzFeed News, as it contends with ongoing business challenges, its chief executive said in a note to employees Oh, damn…They were reposting BF pieces 1:1 a lot lately. I’m sure the chief executive’s note really did the trick. i thought they gone years ago lol The Biden Recession bites another lib business in the ass. So sad…
Source: WSJ - 🏆 98. / 63 Read more »
BuzzFeed to lay off 15% of staff, shut down BuzzFeed NewsBuzzFeed Inc. said Thursday it was laying off about 15% of its workforce and winding down BuzzFeed News as a standalone company as founder and Chief...
Source: MarketWatch - 🏆 3. / 97 Read more »
BuzzFeed to shut down news division and lay off 15% staffBuzzFeed Inc said on Thursday it will shut down its news division and will cut its workforce by 15%, sending the shares of the digital media company down 10%. So Buzzfeed reported its own layoffs? thats a shame
Source: Reuters - 🏆 2. / 97 Read more »
BuzzFeed News is shutting down as company cuts 15% of staffThe company, once a rising star in digital media, has undergone major cuts in recent years. They give the Pulitzer to anybody nowadays.
Source: latimes - 🏆 11. / 82 Read more »
BuzzFeed to close news division, cut 15% of all staffPulitzer prize winning digital media company BuzzFeed will shut down its news division as it cuts about 15% of its entire staff. In a memo sent to staff, co-founder and CEO Jonah Peretti said that cuts would also occur across its business, content, tech and administrative teams, according to multiple media reports. BuzzFeed is also considering making job cuts in some international markets. Peretti said in a memo to staff that he “made the decision to overinvest” in the news division, but failed to recognize early enough that the the financial support needed so sustain operations was not there. Don't let anyone ever say dreams don't come true. How tf did this company even get out on the list for a Pulitzer? “News”
Source: AP - 🏆 728. / 51 Read more »