BuzzFeed News is shutting down

[Vorastra]

BuzzFeed News is shutting down

The move came as its parent company, BuzzFeed Inc., seeks further cost cuts.

www.nbcnews.com

BuzzFeed News is shutting down.

In an email to staff shared with NBC News, BuzzFeed CEO Jonah Peretti said the move was part of a 15% workforce reduction across a number of teams.

"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," he wrote.

 

[saturnz]

well the US economy is strong according to high level people so they should be able to find new jobs easy

 

[epah]

Now shut down IOL and CNNNN.

 

[Nom Chompsky]

Go woke, go broke.

PS: Learn to code

 

[grok]

Cope harder..

 

[6spdmanual]

CNN and FOX next please.

 

[capd]

 

[Fulcrum29]

BuzzFeed News is shutting down

The move came as its parent company, BuzzFeed Inc., seeks further cost cuts.

www.nbcnews.com

The move? Uhm, it is known since 2022 already,

BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say

BuzzFeed's news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.

www.cnbc.com

BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say​

Buzzfeed is shrinking its money-losing news organization, the company announced Tuesday, amid what people familiar with the matter describe as broader investor concern that the division is weighing down the company.

Several large shareholders have urged BuzzFeed founder and CEO Jonah Peretti to shut down the entire news operation, said the people, who asked not to be named because the discussions were private. BuzzFeed declined to comment.

Peretti disagreed, and here it is gone.

 

[ForceFate]

Now shut down IOL and CNNNN.

And Fox news

 

[ShaunSA]

Now shut down IOL and CNNNN.

Shut them all down. They're all a bunch of shills for whoever is paying the most

 

[Kieppie]

The move? Uhm, it is known since 2022 already,

BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say

BuzzFeed's news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.

www.cnbc.com

Peretti disagreed, and here it is gone.

Guess it's more like Buzzfeed not News.

On a more serious note they dug their own grave