As this report summarises:
“Last week, BuzzFeed CEO Jonah Peretti announced that BuzzFeed News is being shut down, leading to layoffs of about 15% of BuzzFeed staff. The layoffs will affect the company’s business, content, tech and admin teams as well as some staff in international markets. In an email to staff reprinted by CNBC, Peretti said they can no longer fund BuzzFeed News as a standalone operation.”
Reportedly, the company’s news content will be shifted to Huffpost:
“The company’s sole news provider will now be HuffPost. BuzzFeed.com will continue its signature clickbait content, including listicles, quizzes, celebrity gossip and more.”
Read a comprehensive report on the issue here.
Reblogger 