Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.

US Buzzfeed to lay off employees after 12 years in operation, closes

  • By Al Mayadeen English
  • Source: Agencies
  • 20 Apr 2023 23:18
2 Min Read

CEO Jonah Peretti confirms that 15% of employees will be laid off and Buzzfeed News will be closed down.

  • x
  •  The entrance to BuzzFeed in New York is seen on Nov. 19, 2020 (AP Photo/Ted Shaffrey, File)
    The entrance to BuzzFeed in New York is seen on Nov. 19, 2020 (AP Photo/Ted Shaffrey, File)

According to The Washington Post on Thursday, US online media outlet BuzzFeed News will start laying off employees after being in operation for 12 years.

A memorandum was sent to staff by co-founder and CEO Jonah Peretti, confirming that 15% of employees will be laid off and Buzzfeed News will be closed down. However, the Washington Post cites that BuzzFeed and its sister company HuffPost will remain in operation.

Peretti blamed the Covid-19 pandemic measures, a tech recession, an inflation-fighting economy, a deteriorating stock market, a worse digital advertising market, and ongoing audience and platform shifts, as a package of reasons as to why the news website is being shut down. 

Buzzfeed furloughed nearly 180 employees in December last year, which Peretti blamed on the economic crisis and the changes in how people are using media. 

Struggling financially, Buzzfeed was valued at a worth of $1.7 billion in 2021 and attracted investors like Vice and Vox when it launched in the 2010s. But BuzzFeed shares plunged, losing more than three-quarters of their value after merging with a special purpose acquisition company known as Spac. Its worth is now around $340 million.

Related News

Supreme Court clears way for mass layoffs at State Department

Harvard Kennedy School to lay off staff due to funding problems

Back in 2021, BuzzFeed News' correspondent Megha Rajagopalan won the Pulitzer Prize in international reporting for publishing a series of articles investigating the alleged imprisonment of Uighur Muslims in Xinjiang, China. 

The news site became famous and well-known for the first time after publishing the Steele dossier in 2017, which alleged intimate ties between former US president Donald Trump and Russia. 

This news comes as BuzzFeed, known for its pop culture articles, quizzes, and "listicles", announced in January that it would start using artificial intelligence (AI) to write its content. 

Read next: AI could replace 300 million workers: Goldman Sachs report

Peretti said he intends to increase AI across BuzzFeed’s editorial output and business operations this year and relayed his expectations of AI to improve creativity and content, but humans would still have their role in providing "cultural currency" and "inspired prompts".

He set a timeline of 15 years for AI to "create, personalize, and animate the content itself".

  • layoffs
  • US
  • HuffPost
  • buzzfeed
  • Jonah Peretti

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS