Jonah 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 publisher, which went public last year via a Spac deal, will impact about 1.7% of its total workforce including small cuts at both BuzzFeed Video and Complex Editorial.
BuzzFeed this morning reported fourth-quarter revenue and net income gains but also said it anticipates sales and profit for the current March quarter will fall year-on-year.
Peretti, in a note to BuzzFeed staff Tuesday, said BuzzFeed News editor in chief Mark Schoofs had decided to leave the company and Samantha Kenig would serve as interim Eic. “She and I will talk to BuzzFeed News later today about our plans to position BuzzFeed News to thrive in the current media ecosystem, accelerate its path to profitability, and become a stronger financial contributor to the overall BuzzFeed,...
Companywide workforce reductions at the digital publisher, which went public last year via a Spac deal, will impact about 1.7% of its total workforce including small cuts at both BuzzFeed Video and Complex Editorial.
BuzzFeed this morning reported fourth-quarter revenue and net income gains but also said it anticipates sales and profit for the current March quarter will fall year-on-year.
Peretti, in a note to BuzzFeed staff Tuesday, said BuzzFeed News editor in chief Mark Schoofs had decided to leave the company and Samantha Kenig would serve as interim Eic. “She and I will talk to BuzzFeed News later today about our plans to position BuzzFeed News to thrive in the current media ecosystem, accelerate its path to profitability, and become a stronger financial contributor to the overall BuzzFeed,...
- 3/22/2022
- by Jill Goldsmith and Ted Johnson
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.