SoylentNews is people
SoylentNews
CNN is reporting BuzzFeed to Cut 15% of Staff in New Round of Layoffs:
BuzzFeed is preparing to lay off about 15% of its employees. The coming contraction is the latest example of a media company making cutbacks in a difficult operating environment.
The reductions will affect multiple departments, including the news division, according to sources familiar with the matter.
BuzzFeed has about 1,450 employees, so about 220 will be leaving, one of the sources confirmed.
BuzzFeed CEO Jonah Peretti confirmed the sharp cut on Wednesday after reporters from other news outlets began inquiring.
The layoffs, he said in an internal memo, are part of a broader effort to "put us on a firm foundation and allow us to invest and grow sustainably for years to come."
After "extensive work" in the past few months, "we've developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure to support our multi-revenue model," Peretti wrote.
As Google and Facebook gobble up an increasing share of on-line advertising sales, what do on-line services have to do in order to survive?
(Score: 1, Insightful) by Anonymous Coward on Friday January 25 2019, @01:52AM
What if I told you the democrats have not changed one bit and neither have the republicans. That is a lie the democrats like to tell themselves.
Remember what the democrat party said about republicans in the early 1900s. It is for the negro and rich people. They use labels to demonize the others and call themselves the progressive party. They are the party of slavery. Nothing they have done recently will change my mind of that. Hell just today they voted down paying people. Just to 'resist'. It is not about helping you. It is about abusing their power. I can count on a republican to sometimes be wrong. I can always count on a democrat to always chose the wrong thing.