Everand Logo

Welcome to Everand!

  • NPR

    'Upsetting And Disappointing': BuzzFeed To Cut 15 Percent Of Its Workforce

    The company announced the news in a memo to staff. The layoffs, which are expected to mean over 200 lost jobs, come at a tumultuous time — for BuzzFeed and the online media industry.
    by Colin Dwyer Jan 24, 2019 2 minutes
    BuzzFeed swag, heaped on a table at a July 2017 party hosted by the online publication and The CW in San Diego. BuzzFeed's CEO, Jonah Peretti, announced Wednesday that the company expects to cut 15 percent of its employees.

    Updated at 12:35 p.m. ET

    BuzzFeed has announced that it plans to lay off 15 percent of its overall workforce next week. In a message to employees on Wednesday, CEO Jonah Peretti explained that although revenue has grown rapidly, "unfortunately, revenue growth by itself isn't enough to be successful in the long run."

    "The restructuring we are undertaking will reduce our costs and improve our operating model so we can

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR4 min read
    Last-minute Candidate José Raúl Mulino Wins Panama's Presidential Election
    José Raúl Mulino was set to become the new leader of the Central American nation as authorities unofficially called the race Sunday night after his three nearest rivals conceded.
    NPR3 min read
    Floods In Southern Brazil Kill At Least 75 People Over 7 Days
    Massive floods in Brazil's southern Rio Grande do Sul state have killed at least 75 people over the last seven days, and another 103 were reported missing, local authorities said Sunday.
    NPR5 min readIndustries
    China Makes Cheap Electric Vehicles. Why Can't American Shoppers Buy Them?
    American drivers want cheap EVs. Chinese automakers are building them. But you can't buy them in the U.S., thanks to tariffs in the name of U.S. jobs and national security. Two car shoppers weigh in.

    Related Books & Audiobooks