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
Iran's IRGC spokesperson: Wave 20 of Operation True Promise 3 targeted Ben Gurion Airport, the Zionist entity's biological research center, and support bases and command and control centers of various levels
Israeli media: 15 injuries transferred to hospitals, including two in critical condition
Israeli media: 27 missiles were launched from Iran in two barrages
Israeli army spokesman says another barrage of Iranian missiles was launched toward 'Israel', demands settlers to adhere to instructions
Israeli media: Two people seriously injured by Iranian missiles
Spokesperson for the Israeli Fire and Rescue Authority: A number of buildings were destroyed as a result of a direct hit by Iranian missiles in the coastal area
Sirens sound in Haifa, Tabarayya, and northern occupied Palestine
Israeli media: A new barrage of Iranian missiles targets northern occupied Palestine
Israeli media: At least 3 barrages of missiles were fired and are still being fired toward 'Israel'
Israeli media: More than 20 Iranian missiles are suspected to have made impact in Haifa and the inner coastal area

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

US forest, national park services sack thousands of workers

Trump, Musk cut 9,500+ federal jobs, more layoffs expected: Reuters

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

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iran’s Bavar-373 air defense system on display during a military drill (Mehr News Agency)
Politics

Iran intercepts Israeli drones near Tehran, multiple cities

The Israeli Iron Dome air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Occupied Palestine, Sunday, June 15, 2025 (AP)
Politics

Iran warns aid to 'Israel' will be treated as aggression

US President Donald Trump arrives to board Air Force One at Joint Base Andrews, Friday, June 20, 2025, en route to Montclair, New Jersey (AP)
Politics

Trump, Erdogan made covert attempts to hold talks with Iran: Axios

Ansar Allah supporters surround a giant Iranian flag during an anti-US and anti-'Israel' weekly rally in Sanaa, Yemen, Friday, June 20, 2025 (AP)
Politics

US ships in Red Sea will be targeted if US attacks Iran: YAF

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