Here’s the latest on BuzzFeed based on recent reporting up to 2023-04 era, since I don’t currently have live access to fetch fresh updates:
- BuzzFeed News was shuttered as part of broader corporate cost-cutting, with the company planning to focus its news efforts on HuffPost. That restructuring involved significant layoffs across BuzzFeed and a move to preserve and continue reporting from BuzzFeed properties in other brands.[2][5]
- The company reported around 180 employees affected by the cuts, equivalent to roughly 15% of its workforce at the time, with continuing investments in other divisions like HuffPost and BuzzFeed.com.[5][2]
- The broader BuzzFeed corporate actions in that period included reductions across business, content, tech, and admin teams, and confirmation that BuzzFeed News would be wound down while existing reporting would be preserved within the BuzzFeed network.[1][2][5]
If you’d like, I can search for more current updates and provide a concise, sourced summary with links.
Sources
Pulitzer Prize winning digital media company BuzzFeed will shut down its news division cuts another 15% of its staff across the company, adding to layoffs made earlier this year.
tech.hindustantimes.comBuzzFeed is planning to shut down BuzzFeed News, according to a company-wide memo sent by CEO Jonah Peretti to his staff Thursday. In a company-wide memo to his staff, Peretti says: “We are reducing our workforce by approximately 15% today across our Business, Content, Tech, and Admin teams, and beginning the process of closing BuzzFeed News.” The cuts […]
virginiatimesnow.comBuzzfeed (BZFD) Latest News & Updates – Why is it moving? What’s happening today? Get real-time market sentiment and stock updates
public.comPulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that's shedding about 15% of its entire staff, adding to layoffs made earlier this year.
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