BuzzFeed acquired HuffPost in November 2020, a deal that was made official in February. FILE - The entrance to BuzzFeed in New York is seen on Nov. 19, 2020. Others were dunking on CEO Jonah Peretti, who reportedly offered to bring dogs to the office next Monday for emotional support. BuzzFeed, which slashed its own news division when it laid off 43 journalists in 2019, announced its plan to buy HuffPost from Verizon Media in November 2020, and the deal was finalized in … The dismissals come three weeks after Buzzfeed acquired HuffPost from Verizon Media. By Clarissa-Jan Lim. The CEO said the layoffs are to help the company “fast-track the path to profitability” to overcome HuffPost’s $20 million losses in 2020 and to breakeven this year. NEW YORK — Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. BuzzFeed announced layoffs for the HuffPost newsroom on Tuesday, three weeks after acquiring HuffPost from Verizon Media in February. Just weeks later, the company announced layoffs of 47 staffers and the shuttering of HuffPost Canada later this month. The dismissals come three weeks after Buzzfeed acquired HuffPost from Verizon Media. BuzzFeed announces layoffs for the HuffPost newsroom today. Buzzfeed announced that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. BuzzFeed Expects to Break Even This Year, Thanks to Heavy Cost Cuts Digital media company’s revenue damaged during pandemic as layoffs, other cuts shore up bottom line HuffPost Executive Editor Hillary Frey, the website’s executive editor, and Executive Editor Louise Roug also resigned over the layoffs, Buzzfeed said. HuffPost Executive Editor Hillary Frey, the website’s executive editor, and Executive Editor Louise Roug also resigned over the layoffs, Buzzfeed said. In 2020, the company announced that they’d turned a profit for the first time since 2014. “In difficult times we can’t abandon our values,” Peretti wrote. For many newsrooms — and … Thus far, both BuzzFeed and Vox have used pay cuts and furloughs to cut costs while avoiding permanent layoffs. Verizon Media became a minority shareholder in BuzzFeed as part of the deal. Brooks Kraft/Getty Images Per Buzzfeed News' report, at least 17 people on the Ellen Digital team were laid off earlier this week — and DeGeneres herself, along with executive producers from the show and an executive from the show's parent company, WarnerMedia, spoke to employees about the layoffs on Tuesday. Peretti also said salary reductions would be extended through the end of 2020. Last year, HuffPost’s losses totaled around $20 million, and to fast track the path to profitability, which is why they decided to layoff employees and shut down various sister sites. BuzzFeed’s 2020 acquisition of the Huffington Post from Verizon Media came barely five years after its sale by AOL, which itself purchased the outlet in 2011. Buzzfeed announced that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. Even though BuzzFeed is hiring a new editor-in-chief for HuffPost, it's clear the downsizing isn't just affecting its newly acquired media property, but also the mothership. BuzzFeed is laying off 70 HuffPost employees as part of cost-cutting moves following the acquisition of HuffPost from Verizon Media. BuzzFeed, the company, raised almost 500 million USD in eight rounds of venture capitalist funding between 2006 and 2016. 4 weeks ago. In 2016, it was valued at $1.7 billion. When the acquisition was first announced in November, Verizon Media said BuzzFeed and HuffPost would operate as independent news outlets with separate editorial staff and websites, led by BuzzFeed CEO Jonah Peretti. The social news site bought HuffPost from Verizon Media in February. The layoffs came swiftly last week. Eduardo Razo. At Vice Media, 155 people lost their jobs. As the weekend approached, some BuzzFeed staff were headed to a local bar to mourn with their colleagues ― on a tab that was funded in part by the public, no less. Clarissa-Jan Lim BuzzFeed News Reporter. (AP Photo/Ted Shaffrey, File) FILE - The entrance to BuzzFeed in New York is seen on Nov. 19, 2020. By. Published. science; Juul Is Forcing Out Two Top Executives And Laying Off Global Staff. Complaining? Ellen DeGeneres during a taping of "The Ellen DeGeneres Show" on May 24, 2016. BuzzFeed, hoping to forestall layoffs with an economic downturn caused by the COVID-19 pandemic already under way, is reducing the salaries of most employees. 2020 Protests; NBA Players Expressed Support For The Milwaukee Bucks Sitting Out Their Game To Protest Jacob Blake's Shooting. ET Posted on August 26, 2020, at 6:25 p.m. … BuzzFeed and Verizon Media will partner across advertising and content, including syndication and ecommerce, and they noted BuzzFeed and … March 10, 2021. BuzzFeed Announces Layoffs for HuffPost. I have some words. The problem is a social one. Unfortunately, while a fair portion of the laid off writers at BuzzFeed were definitely sexist bloggers, there is a larger systemic issue in online publishing that remains. NEW YORK (AP) — Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. HuffPost Canada will also shutter operations later this month. BuzzFeed made a third round of coronavirus-related cuts this week — and for the first time, took aim at the journalism side of the company. Will BuzzFeed Layoffs Fix the Problem? The cuts will affect 47 employees in the U.S., while HuffPost Canada is closing and HuffPos… BuzzFeed is laying off 70 HuffPost employees as part of cost-cutting moves following the company’s acquisition of HuffPost from Verizon Media. Severance? BuzzFeed said Tuesday that it will cut the size of the staff of HuffPost after it acquired the news site. BuzzFeed Inc. laid off 50 of the 74 employees who were furloughed this spring as the digital media company struggles to replace lost revenue during the pandemic. (AP Photo/Ted Shaffrey, File) Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly … Hillary Frey, the site’s executive editor, and Louise Roug, the executive editor for international, will be departing in a restructuring effort aimed at stemming financial losses. Quartz laid off 80. Last updated on August 26, 2020, at 6:53 p.m. The dismissals come just three weeks after Buzzfeed acquired HuffPost, the media outlet […] The digital media layoffs continue and this time it’s buzzfeed. The e-cigarette giant is forcing out its top Europe and south Asia executives and laying off staff in Singapore as part of an effort to cut back $1 billion in spending in 2020. Buzzfeed announced that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. These very writers are likely to quickly land writing gigs at other sexist, hate-filled publications like Jezebel, mother.ly, and Everyday Feminism. The grim numbers of 2020 came as multiple news organizations and TV news networks, including Fox News, ABC News, BuzzFeed, Vox Media, Vice Media, the New York Post, The Atlantic, Fortune magazine, the Tampa Bay Times and The New York Times, announced layoffs across their news and business divisions throughout the ongoing pandemic crisis. FILE - The entrance to BuzzFeed in New York is seen on Nov. 19, 2020. on. CEO Jonah Peretti said he won’t … Just a few weeks after BuzzFeed completed its acquisition of The Huffington Post, the latter is facing editorial layoffs.. BuzzFeed has axed 47 HuffPost employees after acquiring the far-left publication last year. Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. The entrance to BuzzFeed in New York is seen on Nov. 19, 2020. HuffPost's acquisition by BuzzFeed in a deal with Verizon Media was first announced in November 2020. Condé Nast, publisher of glossy magazines such as Vogue, cut 100 people. The Bucks' decision was met with widespread and immediate support from players and teams across the league. Social news site bought HuffPost from Verizon Media in February for emotional support reportedly offered to bring dogs the. 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