https://www.cnn.com/2023/04/20/media/buzzfeed-news-shuts-down/index.html
BuzzFeed Information is shutting down, the corporate introduced Thursday.
The transfer, which was confirmed by BuzzFeed Chief Govt Jonah Peretti in a memo to employees, is a part of a 15% discount in BuzzFeed’s workforce.
“Whereas layoffs are occurring throughout almost each division, we’ve decided that the corporate can now not proceed to fund BuzzFeed Information as a standalone group,” Peretti mentioned. “Consequently, we’ll have interaction with the Information Guild about our price discount plans and what this may imply for the affected union members.”
Peretti famous that BuzzFeed properties HuffPost and BuzzFeed.com signaled that they are going to open plenty of roles for members of BuzzFeed Information.
“Transferring ahead, we may have a single information model in HuffPost, which is worthwhile, with a loyal direct entrance web page viewers,” Peretti added.
As of now, BZFD is down 25%
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