Well, well, well, it appears as if the tables have turned.
The culmination of all that misinformation and outright propaganda has been the installation of the Biden administration—a complete disaster for America.
Whereas many Americans had the proverbial wool pulled over their eyes over the last several years, the catastrophic performance of the Biden administration has brought most to a sobering and stark reality. …
People are starting to wake up to all the nonsense and as part of that, they’re increasingly distancing themselves from state-funded and far-left media outlets. …
Buzzfeed News is no stranger to this mass exodus of consumers from legacy media and blatantly pro-state outlets.
In a recent announcement, the company revealed that a 15% cut is coming to its workforce and that Buzzfeed will shut down the news division of its company entirely.
The official reason given is that the outlet wishes to focus on the Huffington Post, which Buzzfeed took over in 2020. …
Buzzfeed CEO Jonah Peretti sent out this email detailing the company’s next moves:
— Ben Mullin (@BenMullin) April 20, 2023
— FREE the Words (@FREEtheWordsnow) April 20, 2023
“Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience,” Peretti said in the note to employees.
Peretti called the decision “deeply painful” and cited a tech recession, a tough economy and a decelerating advertising market as factors.
BuzzFeed, $BZFD, shuts down its news devision to focus on HuffPost and cut 15% staff.
— Financial Index (@financial_index) April 20, 2023
Fox 43 had more details:
BuzzFeed has approximately 1,200 total employees, according to a recent regulatory filing.
In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams.
BuzzFeed is also considering making job cuts in international markets.