BuzzFeed News To Shut Down As Digital Media Company Cuts Workforce By 15%

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 Thursday that they will concentrate their news efforts on, “a brand that is profitable with a highly engaged, loyal audience that is less dependent on social platforms.” He also said that BuzzFeed is reducing its workforce by 15%, and begin discussions with the NewsGuild about the cutbacks.

Stopped reading Buzzfeed and other viral media sites when they started thinking that I needed their political opinions. No tears.

Jonah Peretti, the CEO of BuzzFeed, announced to staffers in a memo on Thursday that they will concentrate their news efforts on HuffPost, “a brand that is profitable with a highly engaged, loyal audience that is less dependent on social platforms.”

ClownfishTVcom called it a few months ago on their YouTube channel! Right - AGAIN!

desert_starr_57 Kneon ClownfishTVcom

Didn't they say they were going ChatGPT a few months ago?

🥵🥵🥵

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix will shut down its DVD rental business in September | EngadgetNetflix is shutting down its DVD rental business in September after 25 years.. Lol They were still doing this? I guess to compete with Redbox Didn’t even know that’s a thing still in 2023
Source: engadget - 🏆 276. / 63 Read more »

Netflix Will Shut Down DVD By Mail BusinessNetflix is shutting down its DVD by mail business. That's still a thing? About 10 years too late. Legit didn't know it was still a thing. Fascinating. Lol
Source: screencrushnews - 🏆 544. / 51 Read more »