BuzzFeed News is shutting down, as parent company cuts 15% of jobs
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
www.cbsnews.comHere’s the latest on BuzzFeed:
- BuzzFeed News is shutting down as part of corporate cost-cutting, with leadership directing resources toward HuffPost and BuzzFeed.com. The move includes significant staff reductions across multiple departments.[1][3][4]
- The shutdown marks a continued wave of layoffs in digital media as companies reassess revenue models and audience engagement strategies in a challenging ad market.[3][5][1]
- HuffPost is expected to absorb or absorb-adapt some BuzzFeed News staff and roles, while ongoing discussions with labor unions were noted during the announcement.[5][3]
If you’d like, I can pull more details or give a quick snapshot of how this fits into broader newsroom industry trends.