Buyouts will reportedly be offered to news staffers on the investigations, inequality, politics and science teams, as the company focuses more on big breaking news and lighter content.
Some social media users have speculated that McMahon’s web traffic was worth in excess of $1 million in ad revenue for BuzzFeed. However, A BuzzFeed spokesperson said that such figures are “wildly inaccurate.” BuzzFeed is reorienting and shrinking its news division as the digital media company best known for its lighthearted quizzes strives to increase its profitability.
Buyouts will reportedly be offered to news staffers on the investigations, inequality, politics and science teams, as BuzzFeed focuses more on big breaking news and lighter content. BuzzFeed’s shares have dropped more than 40% since the company went public in early December via what’s known as a SPAC, merging with a company that already trades, rather than an IPO.
BuzzFeed also acquired HuffPost in early 2021, and laid off several dozen of its staffers shortly after.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BuzzFeed trimming news staff as top editor departsThe top editor at BuzzFeed News has resigned as the digital-media company cuts staff and projects it will lose up to $20 million this quarter.
Lire la suite »
Three BuzzFeed News Top Editors Resign, as Digital Media Company Plans More Job CutsBuzzFeed News editor-in-chief Mark Schoofs is stepping down, along with at least two other top editors, as the digital media company said it will be cutting jobs across the board. “After almo…
Lire la suite »
BuzzFeed Scaling Back In News As Several Editors Depart, Some Layoffs PlannedJonah Peretti, founder and CEO of digital publisher BuzzFeed announced plans to downsize its news business amid the departure of several editors. Companywide workforce reductions at the digital pub…
Lire la suite »
BuzzFeed News Editor in Chief Resigns Amid Company-Wide Job CutsBuzzFeed News editor in chief Mark Schoofs announced his resignation on Tuesday—and told employees the company must “once again shrink in size” to achieve profitability by the end of 2023.
Lire la suite »
Your Turn, March 21: We don’t need a tunnel from the airport to downtownRead the Express-News letters to the editor for March 21.
Lire la suite »
BuzzFeed Investors Have Pushed CEO Jonah Peretti to Shut Down Entire Newsroom, Sources SayBuzzFeed’s news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.
Lire la suite »