Culture BREAKING: Buzzfeed News to shut down

Hannah Nightingale
Apr 20, 2023

On Thursday, Buzzfeed News announced that it would be shutting down, with CRO Edgar Hernandez and COO leaving the company and layoffs being announced.

In an email from Buzzfeed CEO Jonah Peretti, said, "we are reducing our workforce by approximately 15 percent today across our Business, Content, Tech, and Admin teams, and beginning the process of closing Buzzfeed News.



"Additionally, we are proposing headcount reductions in some international markets," the email added.

Peretti said that Hernandez and Baesler have left the company, with President Marcela Martin taking on "responsibility for all revenue functions effective immediately."

"While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund Buzzfeed News…" Peretti wrote.

Peretti stated that "HuffPost and Buzzfeed Dot Com have signaled that they will open a number of select roles for members of Buzzfeed News. These rules will be aligned with those divisions’ business goals and match the skills and strengths of many of Buzzfeed NEws’s editors and reporters."

"We raised this idea with the News Guild this morning and look forward to discussing it further. Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience."

Peretti explained that the decision to shut down the news branch of the company came about because of the pandemic, "a fading SPAC marked that yielded less capital, a tech recession, a tough economy, a declining stock market, a decelerating digital advertising marked and ongoing audience and platform shifts."

"Dealing with all of these obstacles at once is part of why we’ve needed to make the difficult decisions to eliminate more jobs and reduce spending," he added.

This is a breaking story and will be updated

Article/Archive

 

[Slav Power]

Shockingly Dankula managed to comment on it as it's going on and not like a few weeks after the fact.

 

[No. 7 cat]

World's smallest (nano sized if possible) violin plays.

 

[DarkCast]

I hate to wish poor on others normally, but buzzfeed deserve it. Rest in shit you pack of virtue signaling vultures.

 

[Estate]

Oh sweet, new OF accounts of ex journo whores showing their puckered asshole.
Truly 2023 is a blessed year.

 

[Ferdinand Bardamu]

I thought they shut down ages ago
Good either way

 

[Nicholas II of Russia]

Good riddance, annoying twats.

May your contributions be remembered as how NOT to act like a media outlet.

RIP Bozos. Rest in Piss.

 

[Kiririn]

Praying for Total "Journo" Death

 

[Da Grim Reaper]

Now if only the likes of Vice, Salon, and Huff Post can follow suit.

I disagree.
VICE is pretty damn inconsistent, sometimes they go to active warzones to interview war criminal cannibal rapists, and sometimes they talk about United States "current thing" of the week.

 

[waccoon wapist]

Buzzfeed News. Not Buzzfeed itself.

Every division is its own propaganda wing. They'll push the same wokeshit narratives until that whole madhouse is out of business.

 

[Nointey]

Although that tumor of a ““news-site”” has already been on the decline for years now, and has been outpaced by other much larger tumors like it, it is still great to hear that Buzzfeed is dying even harder than it was before, even if it is just the ""News"" branch that's going into the trashcan for now.

May the same fate happen to Twitter and Reddit

 

[Keystone]

No matter what happens in the future for the internet, remember this:

Kiwi Farms outlived Buzzfeed. lolz.

 

[Mysterious Girlfriend X]

Say hi to Gawker when you get to Hell, vermin.

 

[Sexual Chocolate]

How will this affect the heckin' trans gay disabled genderqueer asexual People of Color (Black) community, folx?

 

[No Batty Boys in Jamaica]

For real? God's real!

If God was real there’d be a national TikTok ban. Celebrating the end of Buzzfeed as we know it in 2023 is like French people celebrating the death of Kaiser Wilhem II in 1941.

 

[Popper Whiting]

Say hi to Gawker when you get to Hell, vermin.

Had to check Sam Biddle's timeline and the little prick is having a whinge about it and is concerned AI will replace writers for such publications. There is nothing more satisfying than seeing these low rent propagandists panic and cry as they realize they are entirely replaceable. Honestly fuck Journalists, the last few days having the privilege of watching Buzzfeed sink and Fox having to pay out $1.2 Billion to Dominion makes my pee pee hard. Who needs porn when you have the suffrage of modern day journalists and media outlets?

 

[Tony Martin's Force Ghost]

Looks like the Huff post will be next because it is hemorrhaging money hard. Post is worth less than $300 million

 

[Caligura]

Why couldn't it have been Vice instead? At least I never clicked BF-anything by mistake.

It's because Vice was founded by that glownigger Gavin.

 

[notafederalagent]

I guess there is something worse than a public service or teacher's union.

I came across this the other day, all of these people are worthless grifters:

We are Bandcamp United, a union of workers at Bandcamp– we are project managers, we are engineers, we are designers, we are vinyl campaign managers, we are support staff, we are editors and writers– to put it simply, we are the reason Bandcamp functions. We are working with organizers from OPEIU’s Tech1010 to seek recognition through an election administered by the NLRB.

https://www.bandcampunited.org/ (archive.ph)

 

[William Tyndale]

And Sam Hyde is at the top of his game. What a turn of events. What’s ol’ Bernstein up to now, anyway?

 

[Cats]

GOOD