by Capitol Communicator | Apr 20, 2023 | General, Media, Top Center Sponsored
In an email to staff shared with NBC News, BuzzFeed Inc. CEO and co-founder Jonah Peretti said BuzzFeed News was shutting down, part of a 15% workforce reduction across a number of teams. According to one media report, layoffs will impact about 180 people, across...
by Capitol Communicator | Dec 7, 2022 | Media, Upper Left Sponsored
BuzzFeed Inc will cut about 12% of its workforce to reduce costs, the online media company said, as it joins a growing number of U.S. firms that have taken similar measures in anticipation of a potential economic downturn, reports Reuters. As of Dec. 31, BuzzFeed had...
by Capitol Communicator | Mar 25, 2022 | Media, Upper Left Sponsored
BuzzFeed investors are reportedly pressuring CEO Jonah Peretti to close its entire money-losing news operation, reports the New York Post. Mark Schoffs, editor in chief of BuzzFeed News, and two of his top deputies quit in the latest sign of turmoil at the...
by Capitol Communicator | Mar 22, 2022 | Media, Top Right Sponsored
BuzzFeed 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 almost two rollicking and deeply fulfilling years as editor-in-chief, I’ve decided...
by Capitol Communicator | Jul 28, 2021 | Acquisitions, Media, Top Center Sponsored
BuzzFeed, a tech-powered media company for digital content and commerce for millennial and Gen Z audiences, will merge with 890 5th Avenue Partners, Inc. (“890”), a tech, media and telecom special purpose acquisition company, known as a SPAC. The transaction...
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