Source:
The Hill
| April 20, 2023 | Dominick Mastrangelo
BuzzFeed is shutting down its news division.
In a memo to staff obtained by CNN, BuzzFeed Chief Executive Jonah Peretti said the company would lay off about 15 percent of its workforce as part of that shuttering.
Peretti called the decision “deeply painful,” in his memo and cited “a tech recession” and “a tough economy” as factors leading to the major cost-cutting measure.
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JUST IN: BuzzFeed News shutting down https://t.co/bqsh5QCVR9 pic.twitter.com/m8O1gmrFmD
— The Hill (@thehill) April 20, 2023
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