Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
BuzzFeed News editor in chief Mark Schoofs announced Tuesday morning in an internal memo that the outlet will be downsizing through a mix of cuts and voluntary buy-outs. A BuzzFeed representative has confirmed the report.
The cuts, which affect 1.7% of the workforce, will occur mostly in the BuzzFeed Video and Complex Editorial teams, according to a note shared internally by CEO Jonah Peretti.
“I’m emailing early to share that we are also completing the integration of Complex Networks today, which sadly means that we will part with some colleagues in the Admin and Business organizations,” Peretti wrote to staff.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in