BuzzFeed News is shutting down, as parent company cuts 15% of jobs
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
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CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
www.cbsnews.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.
www.ctvnews.caBuzzFeed's CEO announced on Thursday the company is shutting down its news site and shifting its focus to its subsidiary HuffPost. Shirin Ghaffary, a senior correspondent covering technology for Vox.com, joined CBS News to discuss the layoffs in the tech industry. CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
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