Posted on 04/20/2023 10:58:00 AM PDT by Morgana
The Pulitzer Prize-winning Buzzfeed News brand is to shut down, according to a new memo to staff from the company's CEO and founder, in order to concentrate more efforts on HuffPost.
'We are reducing our workforce by approximately 15 percent today across our Business, Content, Tech and Admin teams, and beginning the process of closing BuzzFeed News,' CEO Jonah Peretti said in the message.
The company is only closing its news division. The announcement came shortly after rival Business Insider reported that it is planning to lay off around ten percent of its news division.
'While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization,' Peretti continued.
The layoffs will affect 180 employees, and the workforce of the entire Buzzfeed operation will be cut by 15 percent.
The owner went on say that he 'overinvested' in the news brand 'because [he] loved their work and mission so much.'
Peretti said that some staff will be offered roles at The Huffington Post, a website that he co-founded in 2005, and which Buzzfeed acquired in November 2020 in a stock deal. He also said that website is now profitable.
'Today I was laid off while on maternity leave. Please keep me in your thoughts. Absolutely no words. Thanks Buzzfeed,' on-air broadcaster Alana Yzola, who works for the company's Complex brand, tweeted.
(Excerpt) Read more at dailymail.co.uk ...
What news?
Buzz Kill.
“The Pulitzer Prize-winning”
Those are real hard to get.
The news is there is no more news
Hmmm..... is it possible that Buzz Feed and other pseudo news outlets were being lavishly funded by Progressive activist groups to provide propaganda to get Progressives in power and destroy Trump and the rest of the opposition to the Progs toxic agenda. Perhaps now that the mission is accomplished, twitter is no longer progressive play ground , Congressional investigations are starting to unravel the funding networks and money trails and the public is catching on to how they have been manipulated the money is being cut off.
learn to code, mofos!
There’s enough commie propaganda on every street corner. No need to subsidize them all.
“Pulitzer Prize-winning Buzzfeed News.” Probably reason enough to reject Buzzfeed News right there.
The Pulitzer prize, like many prizes, has an ideological bias. Lefties rewarding lefties. The Pulitzer committee gave the New York Times their prize for denying the 1932 Ukrainian Holocaust. The truth reflected badly on Uncle Joe and worldwide communism, so the MSM mostly remained silent, with the NYT actively denying the truth.
At long last they are reporting something worth reading!
Ten things buzzfeeds news division never did.
10 Make Money
9. Report News
8. Make Money
7. Report News
6. Make Money from Reporting News
5. Break a story not given to them by paid hacks.
4. Report News
3. Make Money
2. Report the News of the Day.
1. Profit
That and it is becoming too expensive to pay people to do nothing until the next election cycle.
Years ago, they had an office located on where Google is now, here in Hollywood. Close to us before we moved. They moved to a ‘cheaper’ space around 5 blocks more and the employees “rebelled’ (due to NO cheap parking) so the idiot owners hired a shuttle service to shuttle the employees to the new office while they parked to a cheap parking space ACROSS the old location.
I know the CEO and he’s a flaming moronic moonbat wokester. He didn’t grasp the financial stupidity in this employee -cuddling.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.