FILE - The entrance to BuzzFeed in New York is seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company was going to start the process of shutting down its news division, and that cuts would also occur across its business, content, tech and administrative teams.
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 financial support needed to sustain operations was not there. “I’ve learned from these mistakes, and the team moving forward has learned from them as well,” Peretti wrote in the memo. “We know that the changes and improvements we are making today are necessary steps to building a better future.”cutting 12% of its workforceChristian Baesler, the company’s chief operating officer, and Edgar Hernandez, its chief revenue officer, are also leaving after they assist with the restructuring.
Smith made the controversial decision in 2017 to publish a “dossier” of information about then-President Donald Trump, 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.
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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 »
BuzzFeed to close news division, cut 15% of all staffCo-founder and CEO Jonah Peretti said that cuts would also occur across its business, content, tech and administrative teams, according to multiple media reports. Good, trash media group, 1 down WSFA/Gray Media to go.
Source: wsfa12news - 🏆 338. / 59 Read more »
BuzzFeed to close news division, cut 15% of all staffJUST IN: Pulitzer prize winning digital media company BuzzFeed will shut down its news division as it cuts about 15% of its entire staff. GMA Too bad it’s not ABC fake news as well Kinda speaks to the meaningful influence a Pulitzer has these days, don’t you think?
Source: ABC - 🏆 471. / 51 Read more »