BuzzFeed News is shutting down.
According to a report from The New York Post, BuzzFeed Inc. CEO Jonah Peretti announced on Thursday that the news site is being shut down; that includes laying off 15% of staffers companywide.
From the New York Post:
“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.
BuzzFeed Inc. also owns the online news sites HuffPost and the Complex Networks.
“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.”
Peretti’s memo was titled with the subject line “Difficult News.”
“As part of today’s changes, both our CRO (chief revenue officer) Edgar Hernandez and COO (chief operating officer) Christian Baesler have made the decision to exit the company,” Peretti wrote.
“I’m grateful to both of them for their passion and dedication to Complex and to BuzzFeed, Inc.”
Peretti announced that the company president, Marcela Martin, would assume all revenue-related responsibilities “effective immediately.”
https://twitter.com/benmullin/status/1649067421766938624?s=61&t=1laRse08ln9qaiVIboGlog
More over at The New York Post:
BuzzFeed News shuts down as parent company lays off 15% of staffers https://t.co/yJBVlZSYXC pic.twitter.com/epxWNtdtyQ
— New York Post (@nypost) April 20, 2023
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