BuzzFeed News Is Shutting Down, Company Laying Off 180 Staffers
BuzzFeed 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.
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BuzzFeed 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.
Buzzfeed says it can no longer fund its news division as standalone organisation. The media firm announced another round of layoff as well.
A message from Jonah Peretti, BuzzFeed Founder and CEO Hi all, I am writing to announce some difficult news. We are reducing... | April 20, 2023
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
BuzzFeed Inc. hired Melanie Summers, previously a chief brand officer of content licensing company Driver Studios, to the ...