BREAKING: BuzzFeed to lay off 15 percent of its workforce

BY TEAM DML / JANUARY 23, 2019 /

GET the DML NEWS APP (FREE) Click Here

Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:

BuzzFeed is preparing lay off 15 percent of its workforce, according to an internal email obtained by The Hill.

In an email sent to  BuzzFeed staff on Wednesday, CEO Jonah Peretti said the media company would be doing layoffs “next week” across the company.

The article goes on to state the following:

“I’m writing with sad news: we are doing layoffs at BuzzFeed next week. We will be making a 15% overall reduction in headcount across the company,” Peretti wrote. “I’m sending this tonight because I wanted you to hear it from me directly instead of from the press.”

“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,” he wrote. “We are confident the changes we are making will put us on a firm foundation and allow us to invest and grow sustainably for years to come.”

To get more information about this article, please visit TheHill.com. To weigh in, leave a comment below.

Facebook has SIGNIFICANTLY reduced the distribution of DML NEWS posts, and instead fills newsfeeds with news from the mainstream media. The way to fight back is by sharing our posts with your family and friends. Please take a moment now and click the share button. SHARE NOW



DML News offered you the above information as part of our ongoing effort to educate and inform people around the world. You can obtain additional information by visiting TheHill.com

4 Comments

  1. Cab January 23rd, 2019 at 7:36 pm

    Good, couldn’t happen to a nicer group. Ha Ha

    Reply

  2. Gary Miller January 23rd, 2019 at 7:37 pm

    When that dishonest, leftwing, deep state, globalist rag lays off 100%, that will be a good day for America.

    Reply

  3. Heidi January 23rd, 2019 at 8:33 pm

    Bahahahahhahahahahahahahahahahahahahahahahahahaha!!!!!!!!!!

    Reply

  4. P January 23rd, 2019 at 10:59 pm

    Well, that a lie. All of the lying media are losing money.

    Reply

Leave a comment

Your email address will not be published. Required fields are marked *