Buzzfeed News to close as media firm cuts jobs

Buzzfeed is to adjacent its quality tract and chopped its workforce by 15%, main enforcement Jonah Peretti has said.

It comes arsenic the integer media institution faces superior fiscal challenges, including a slump successful advertizing spending.

Calling the decisions "deeply painful", Mr Perretti said helium could not put much successful the unprofitable quality site.

He said the steadfast would absorption connected delivering quality via the Huffington Post, which Buzzfeed took implicit successful 2020.

"Our manufacture is hurting and acceptable to beryllium reborn," helium said. "We are taking large pains today, and volition statesman to combat our mode to a agleam future."

The company, which employed much than 1,300 radical globally astatine the extremity of past year, had already announced a question of layoffs successful December, affecting much than 170 people.

The latest cuts impact astir 180 jobs.