“Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience,” CEO Jonah Peretti wrote.
The parent company of the site that took the news business by storm in the early 2010s and also published the now-debunked Steele Dossier is being shut down, according to a memo from BuzzFeed Inc. CEO Jonah Peretti on Thhursday
Peretti said shutting the site was part of a broader shakeup that includes laying off 15% of staffers companywide. “For BuzzFeed News, we have begun discussions with the News Guild about these actions,” Peretti wrote in the memo, which was first obtained by CNN’s Oliver Darcy.“HuffPost and BuzzFeed Dot Com have signaled that they will open a number of select roles for members of BuzzFeed News,” Peretti wrote.
“Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience.”
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BuzzFeed will lay off 15% of staff, shutter its news unitBuzzFeed will lay off 15% of staff and will shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday.
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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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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…
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