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BuzzFeed, already slimmed down after several waves of layoffs, announced this week that it will slash another 16% of its staff as it undergoes “planned strategic restructuring” to reduce costs.
New details trickled out about the layoffs across BuzzFeed's news division Friday, and the picture hasn't been pretty: The publication's entire national news desk has been laid off, as has almost ...
BuzzFeed CEO Jonah Peretti had been a long-standing champion of Buzzfeed News, explaining he made the decision to over-invest in the division "because I love their work and mission so much."
BuzzFeed shuttered its news division in 2023, marking the end of an era. And the already greatly diminished company announced another extensive round of layoffs last month.
BuzzFeed News was a finalist for the 2018 Goldsmith Prize for Investigative Reporting. [73] In 2021, BuzzFeed News won the Pulitzer Prize for International Reporting for its coverage of the Xinjiang internment camps as a part of China's campaign against the Muslim Uyghurs. [74] [75] BuzzFeed News was a member of the White House press corps. [76]
BuzzFeed, Inc. is an American Internet media, ... although it announced plans in November of that year to lay off around 100 employees in the US, 45 in the UK, [24] ...
BuzzFeed, once a rising star in digital media, has undergone major cuts in recent years as digital-native brands struggle to create sustainable business models. BuzzFeed News shutting down as ...
The HuffPost Union, which is affiliated with the Writers Guild of America East, said in a statement that the layoffs had affected 33 of its members, nearly a third of the local union. [27] In 2022, shareholders urged Peretti to shut down BuzzFeed News; two anonymous sources told CNBC that BuzzFeed News lost about $10 million annually. [28]