Buzzfeed to cut 15% of their staff in layoffs (CNN)

[Kirblar]

https://www.cnn.com/2019/01/23/media/buzzfeed-layoffs/index.html

New York (CNN) BuzzFeed is preparing to lay off about 15% of its employees. The coming contraction is the latest example of a media company making cutbacks in a difficult operating environment.

The reductions will affect multiple departments, including the news division, according to sources familiar with the matter.

BuzzFeed has about 1,450 employees, so about 220 will be leaving, one of the sources confirmed.

BuzzFeed CEO Jonah Peretti confirmed the sharp cut on Wednesday after reporters from other news outlets began inquiring.

Click to shrink...

 

[Angry Grimace]

Sucks to see anyone lose their job, but the only thing I even know Buzzfeed for are those awful cooking montages that people who can't cook like to post to Facebook constantly.

I suppose that is a business problem in that I know OF Buzzfeed, but I have no clue what they actually do.

 

[UnpopularBlargh]

Sucks to see anyone lose their job, but the only thing I even know Buzzfeed for are those awful cooking montages that people who can't cook like to post to Facebook constantly

Click to shrink...

This sucks. They're one of the few news orgs that are worthwhile imo. They released the Steele dossier. They found out about the plans for Trump Tower in Russia. Also kfile who's part of CNN's investigative department was originally from BuzzFeed News.

 

[Armadilo]

Well there goes my plan of making YouTube videos for buzz feed one day

 

[Kirblar]

This sucks. They're one of the few news orgs that are worthwhile imo.

Click to shrink...

I would kind of be surprised if this hit the news section hard, as its a headliner for them right now.

 

[Eidan]

That sucks. Over the past year I've found myself enjoying more of their YouTube output.

 

[-JD-]

So we should be seeing a 15% increase in "Why I left BuzzFeed" videos soon?