BuzzFeed News (Left Bias) is shutting down as its parent company aims to reduce spending across the board. See potential bias and similarities in coverage from nytimes, MarketWatch, and nypost:
Key Quotes:
In a company memo, BuzzFeed Chief Executive Jonah Peretti announced the news-arm of the media company was being shuttered, stating, “We are reducing our workforce by approximately 15% today across our Business, Content, Tech and Admin teams, and beginning the process of closing BuzzFeed News. Additionally, we are proposing headcount reductions in some international markets.
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BuzzFeed Moves to Close BuzzFeed News, Lays Off 15% of StaffBuzzFeed is laying off 15% of its staff and making plans to end BuzzFeed News, as it contends with ongoing business challenges, its chief executive said in a note to employees
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BuzzFeed to lay off 15% of staff, shut down BuzzFeed NewsBuzzFeed Inc. said Thursday it was laying off about 15% of its workforce and winding down BuzzFeed News as a standalone company as founder and Chief...
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BuzzFeed News Is Shutting Down, Company Laying Off 180 StaffersBuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff Thursday. The digital publisher is laying off 15% of its employees, or about 180 people, across BuzzFeed News and other divisions. Going forward, BuzzFeed will concentrate its news efforts […]
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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…
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BuzzFeed News to shut downThe shutdown is part of company-wide layoffs.
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