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-Land of the Free
BuzzFeed to Cut 15% of Jobs
2019-01-24
[Bloomberg] BuzzFeed is eliminating 15 percent of its headcount across the company, the latest pullback for digital-media sites dealing with a challenging advertising market.

As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,” Chief Executive Officer Jonah Peretti said in a memo to employees. “We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure.”

The cutbacks are part of a wave of media layoffs. Verizon Communications Inc. said earlier Wednesday that it would be cutting about 7 percent of its digital-media operations, a business that includes AOL, Yahoo and the Huffington Post. Gannett Inc. also has been laying off journalists from its collection of newspapers.

BuzzFeed, a pioneering site that spans hard news, personality quizzes and listicle-style features and bullshit, was long seen as a way for journalism to prosper in a post-print era. But growth alone hasn’t been enough to ensure success, Peretti said in his memo.
Posted by:Bright Pebbles

#11  @Beavis,
Mind you that Foxnews article links to TMZ who couldn't bring themselves to mention Singer assaulting boys...
Posted by: Bright Pebbles   2019-01-24 14:54  

#10  Buzzfeed was a way for NBC to push fake news while pretending to an arms length away

Not only that, but it provides way for NBC to get in the game themselves by reporting that Buzzfeed is reporting on the story.
Posted by: SteveS   2019-01-24 14:20  

#9  NBC raises eyebrows over $400 million relationship with BuzzFeed

Buzzfeed was a way for NBC to push fake news while pretending to an arms length away
Posted by: Beavis   2019-01-24 14:00  

#8  Propaganda agents hardest hit
Posted by: DarthVader   2019-01-24 12:44  

#7  @charger
LOL
Posted by: Bright Pebbles   2019-01-24 12:35  

#6  HR is sending out notices that read:

100 Buzzfeed Employees That Will Lose Their Jobs This Month. Number 14 Will Shock Is You.
Posted by: charger   2019-01-24 11:54  

#5  I think it's on it's way out.

Was 9% staff cuts in november.
Posted by: Bright Pebbles   2019-01-24 11:46  

#4  Even more unfortunately, there's a whole stable of rich people ready to use their money to prop it up.
Posted by: M. Murcek   2019-01-24 08:29  

#3  Unfortunately, none of them know how to do anything useful, like delivering factual, timely information. Shame, that.
Posted by: ed in texas   2019-01-24 08:27  

#2  As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,”

"God damn, we lost a shitload of money last quarter!"
Posted by: Raj   2019-01-24 07:59  

#1  Just Buzzfeed staff, so no actual Journalists are hurt
Posted by: Frank G   2019-01-24 07:10  

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