BuzzFeed News , CEO Says the Outlet , Will Close Down .
On April 20, BuzzFeed News announced
that the once-iconic media brand
will be shutting down. .
The Daily Beast reports that CEO
Jonah Peretti made the announcement
in a company-wide memo. .
We are reducing our workforce
by approximately 15% today across
our Business, Content, Tech
and Admin teams, and beginning
the process of closing BuzzFeed News, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.
We are reducing our workforce
by approximately 15% today across
our Business, Content, Tech
and Admin teams, and beginning
the process of closing BuzzFeed News, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.
The memo also revealed that the company’s
CRO, Edgar Hernandez, and COO Christian Baesler
would be exiting BuzzFeed in the next few weeks.
The memo also revealed that the company’s
CRO, Edgar Hernandez, and COO Christian Baesler
would be exiting BuzzFeed in the next few weeks.
The Daily Beast reports that the news
comes just months after BuzzFeed
laid off 12% of its workforce. .
That round of layoffs came nine months
after Peretti sacked the editor-in-chief and bought
out a majority of BuzzFeed News' staff.
According to Peretti, the company
will be focusing on artificial
intelligence going forward. .
We will empower our editorial teams
at all of our brands to do the very best
creative work and build an interface
where that work can be repacked and
brought to advertisers more effectively, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.
And we will bring more innovation
to clients in the form of creators, AI,
and cultural moments that can only
happen across BuzzFeed, Complex,
HuffPost, Tasty and First We Feast, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.
The BuzzFeed announcement comes on the same
day that another digital media outlet, Insider,
announced a 10% reduction of its workforce