It’s a dark day to work in media. On the heels of news that TechCrunch parent company Verizon Media Group (formerly Oath) would lay off roughly 800 workers, BuzzFeed has announced its own substantial staffing cuts. And though they were anticipated, Gannett also made substantial cuts to newsrooms around the US on Wednesday. In a memo to employees, BuzzFeed CEO Jonah Peretti explained that the layoffs would hit next week, reducing its workforce by 15% or about 250 positions. “Over the past few months, we’ve done extensive work examining the trends in our business and the evolving economics of the digital platforms,” Peretti said in the memo.
Comment on Buzzfeed will cut its staff by 15% in major round of layoffs
Taylor Hatmaker, TechCrunch
Wed, 01/23/2019 - 6:26pm
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