and they’re UNIONIZED.
The “real” reason how this came about? They moved from a sh*tty bldg. in Hollywood to another “better” sh*tty bldg in the same area. So they PAMPERED the staff by having a shuttle bus from the old parking lot to the new one bec they couldnt afford it. One of the staff people got the idea if they’re pushovers on parking, then they can easily be pushed around in unionizing, which they did and mgmt. folded like Frenchmen in WW2.
Peretti doesn't care -- 'here's your severance GET OUT'. Not one bit. They are both his properties again.
He convinced himself HuffPo is cannibalizing his preferred Buzzfeed clicks, and not only bought HuffPo back for 30c on the dollar, but also knew most of those HuffPo onionized 'writers' were making low-6 dollars. He nailed 30+ of them out of the gate and just cleaned his line by at least 4 million for 2021.