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-Land of the Free |
BuzzFeed to Cut 15% of Jobs |
2019-01-24 |
[Bloomberg] BuzzFeed is eliminating 15 percent of its headcount across the company, the latest pullback for digital-media sites dealing with a challenging advertising market. As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,” Chief Executive Officer Jonah Peretti said in a memo to employees. “We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure.” The cutbacks are part of a wave of media layoffs. Verizon Communications Inc. said earlier Wednesday that it would be cutting about 7 percent of its digital-media operations, a business that includes AOL, Yahoo and the Huffington Post. Gannett Inc. also has been laying off journalists from its collection of newspapers. BuzzFeed, a pioneering site that spans hard news, personality quizzes and listicle-style features |
Posted by:Bright Pebbles |
#11 @Beavis, Mind you that Foxnews article links to TMZ who couldn't bring themselves to mention Singer assaulting boys... |
Posted by: Bright Pebbles 2019-01-24 14:54 |
#10 Buzzfeed was a way for NBC to push fake news while pretending to an arms length away Not only that, but it provides way for NBC to get in the game themselves by reporting that Buzzfeed is reporting on the story. |
Posted by: SteveS 2019-01-24 14:20 |
#9 NBC raises eyebrows over $400 million relationship with BuzzFeed Buzzfeed was a way for NBC to push fake news while pretending to an arms length away |
Posted by: Beavis 2019-01-24 14:00 |
#8 Propaganda agents hardest hit |
Posted by: DarthVader 2019-01-24 12:44 |
#7 @charger LOL |
Posted by: Bright Pebbles 2019-01-24 12:35 |
#6 HR is sending out notices that read: 100 Buzzfeed Employees That Will Lose Their Jobs This Month. Number 14 |
Posted by: charger 2019-01-24 11:54 |
#5 I think it's on it's way out. Was 9% staff cuts in november. |
Posted by: Bright Pebbles 2019-01-24 11:46 |
#4 Even more unfortunately, there's a whole stable of rich people ready to use their money to prop it up. |
Posted by: M. Murcek 2019-01-24 08:29 |
#3 Unfortunately, none of them know how to do anything useful, like delivering factual, timely information. Shame, that. |
Posted by: ed in texas 2019-01-24 08:27 |
#2 As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,” "God damn, we lost a shitload of money last quarter!" |
Posted by: Raj 2019-01-24 07:59 |
#1 Just Buzzfeed staff, so no actual Journalists are hurt |
Posted by: Frank G 2019-01-24 07:10 |