The only rule is that you’re not allowed to use a dictionary for help! If it starts to frustrate you, you can try the US version. In a handful of cases, the changes we’re making will unfortunately result in some roles being eliminated. NBCUniversal (which owns NBC News) has a $400 million investment in BuzzFeed, which is also backed by internet entrepreneur Kenneth Lerer. BuzzFeed announced it would be cutting 15 percent of its workforce, or around 200 employees. We need stronger accountability across our teams, to ensure each team is truly on the hook for its goals. Buzzfeed remained at a high since its inception, so for CEO John Peretti to accumulate paid-time … In an internal memo, BuzzFeed executives say they have “questions about whether we can build a sustainable business in France,” where it employs around a dozen people, and have begun a government-mandated “consultation” process to inform employees there about possible changes. BuzzFeed is laying off about 20 people — and hiring 45 more — in another reorganization, This story is part of a group of stories called, Sign up for the Last week was brutal for American journalism. When Buzzfeed UK announced cuts would be made … IE 11 is not supported. BuzzFeed went through a much smaller round of layoffs last September, when its podcasting division was shuttered. BuzzFeed, HuffPost To Shed More Than 200 Jobs In New Round Of Layoffs At HuffPost, about 10 percent of journalists left editorial staff this week. Tons of K-pop artists have been purged from Spotify. You got a vaccine. Photo: Drew Angerer/Getty Images Last week, news … That was a jump of better than 15 percent from … Layoffs of Buzzfeed workers weren’t the only ones in the industry last month. Condé Nast: 10 jobs, January 10 Condé Nast artistic director Anna Wintour. ... Bell hoped the layoffs … But that work is expensive. newsletter. By … Or Google!. These changes will involve bringing in new blood — we’ve opened more than 45 new roles across Creative, Strategic Planning, and Pricing, as well as new growth areas such as Business Development and Programmatic. A few months prior to that, in … Vox Media Hit With Large Round Of Layoffs. 29 Items For Anyone Wh BuzzFeed CEO Jonah Peretti told Bloomberg last month that the strategy is working, with “strong double-digit growth” this year. Members of the BuzzFeed News team work at their desks at BuzzFeed headquarters, in New York on December 11, 2018. But the company is continuing to make other changes to its structure. It made BuzzFeed a trendsetting model for others. Three charts that explain the streaming wars. In 2016, the site had a valuation of $1.7 billion. Kenneth Lerer, co-founder and chairman of The Huffington Post, started as a co-founder and investor in BuzzFeed and is now the executive chairman. A few months prior to that, in June 2018, BuzzFeed … It’s part of a much bigger problem. Separately, Condé Nast said it would put up a paywall around all of its titles by the end of the year to make-up for lost print advertising. There are some clear areas where we can operate more efficiently and ease the workload for our overextended teams. BuzzFeed … Here’s Peretti’s full memo: Hello BuzzFeeders, I’m writing with sad news: we are doing layoffs at BuzzFeed next week. In a memo to his staff, Brown says that “changes will involve bringing in new blood” via new hires, and that “in a handful of cases, the changes we’re making will unfortunately result in some roles being eliminated.”. Thanks so much for all your hard work this year in delivering a strong Q1 and what looks like an even stronger Q2 to date. BuzzFeed, which employs over 1,300 people, generated more than $300 million in revenue in 2018. I’ve spoken with many of you directly in 1:1s and larger meetings; I’ve worked with your leaders to better understand your teams, opportunities and challenges; I’ve combed through and read every comment in our Employee Survey results; and I’ve partnered with Jonah and my direct reports to identify areas where we can invest to accelerate our growth. On Saturday, the president of the United States rubbed salt in the wound, tweeting that “Fake News and bad journalism have caused a big downturn.” BuzzFeed went through a much smaller round of layoffs last September, when its podcasting division was shuttered. Help us keep our work free for all by making a financial contribution from as little as $3. BuzzFeed currently employs 1,450 people. BuzzFeed, which employs over 1,300 people, generated more than $300 million in revenue in 2018. An employee works on a laptop at BuzzFeed headquarters, December 11, 2018 in New York City. The company more or less hit its $300 million revenue target in 2018, ... A new era for BuzzFeed In some ways, the layoffs represent the end of an era for BuzzFeed… We have some real areas of opportunity where we can invest in talent and resources to evolve our organization, better support our diversifying product offering, and drive new revenue. Please check the BuzzFeed Jobs site and share these positions across your personal networks, or apply if you’re interested in new opportunities. which laid off about 100 people last fall, have begun a government-mandated “consultation” process, Help us keep our work free for all by making a financial contribution from as little as $3, An “emotional” moment at an NSC meeting shows why withdrawing from Afghanistan is so hard, The latest QAnon-inspired threat on the Capitol was thankfully a dud, Senate Republicans are trying to drag out the stimulus process in the middle of a national emergency. We’ll discuss further at the Advertising All Hands on June 14th. Slate says that Buzzfeed is still growing with revenue up from $260 million to $300 million in 2018 alone. BuzzFeed said its layoffs were part of an effort to shift the company’s business model toward profitability. BuzzFeed, Inc. is an American Internet media, news and entertainment company with a focus on digital media; it is based in New York City. Vox Media is laying off around 50 people, its CEO Jim Bankoff announced Wednesday morning. Like other publishers (including Vox Media, which owns this site), BuzzFeed has been reorienting its business away from a dependency on Facebook and toward other sources of revenue. “Revenue growth by itself isn’t enough to be successful in the long run,” said co-founder and chief executive Jonah Peretti in a memo to the staff. By one estimate, BuzzFeed and media properties owned by Verizon and Gannett made plans to lay off more than 1,000 people between them, then got to work carrying them out.