BuzzFeed News Is Shutting Down, Company Laying Off 180 Staffers

sent to company staff Thursday. The digital publisher is laying off 15% of its employees, or about 180 people.HuffPost, which it acquired from Verizon in 2020In the memo, Peretti said, “I made the decision to overinvest in BuzzFeed News because I love their work and mission so much. This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism purpose-built for social media.

Alongside the shutdown of BuzzFeed News, chief revenue officer Edgar Hernandez and COO Christian Baesler are leaving the company. BuzzFeed president Marcela Martin will assume responsibility for all revenue functions effective immediately. According to a BuzzFeed rep, there are ongoing discussions about the future of BuzzFeedNews.com, but all of BFN’s work will be preserved and available within the BuzzFeed network. The company also is working to ensure any stories currently in the works from the BuzzFeed News team will be published and promoted on BuzzFeed properties as well.

BuzzFeed.com and HuffPost will be offering roles to a number of BuzzFeed News journalists to match areas where they’re interested in expanding coverage, the rep added. The spokesperson said that no jobs are being replaced by AI., BuzzFeed to incur between $7 million to $11 million in charges related to the layoffs.

Everybody wanna be a news outlet, but no one wanna speak the truth about what’s going on in the world

Lmao good riddance

Oh no the publisher of the Steele Dossier is going away, how sad

Their finger was on the pulse. Shocked. 😂

Well their staff must now learn to code.😂🤣

Great!!!!! BuzzFeedNews and all buzzfeed SUCK

Really unfortunate. BuzzFeed News, in spite of its connection to BuzzFeed, was a fantastic outlet.

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BuzzFeed News To Shut Down As Digital Media Company Cuts Workforce By 15%BuzzFeed News, which earned as reputation as a scrappy news-breaking digital rival to legacy media brands, is shutting down. Jonah Peretti, the CEO of BuzzFeed, announced to staffers in a memo on T… 🥵🥵🥵 Didn't they say they were going ChatGPT a few months ago? ClownfishTVcom called it a few months ago on their YouTube channel! Right - AGAIN!
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Netflix Is Shutting Down Its DVD BusinessNetflix’s famous red envelopes are headed to the recycling bin of history. The company announced the shutdown of the DVD-by-mail business Tuesday ahead of its first-quarter 2023 earnings repo… They STILL had a DVD business? 😳 Always like their DVD service because it was the only place (After Netflix put Blockbuster out of business) where you could get any movie or TV show you wanted for $8 a month, but I cut it off when Covid started & never got it again - a shame cause there is no pace like that now. It was a good run. But once discs became a niche market and video disc rentals mostly shut down, it was only a matter of time. I enjoyed it in it's hey day, but once they started throttling new releases, it went downhill from there.
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Netflix is shutting down its original DVD business after 25 yearsNetflix is shutting down its original DVD business that the company became known for on the path to becoming a streaming giant. Good way to make me feel old. Thanks, . Guess this means I’m buying a Blu-ray player now to catch up with the times There is hope blockbuster 😅
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