Apparently Buzzfeed News just wasn't profitable anymore so they're downsizing it into oblivion and transferring whoever isn't laid off into other bits of the Buzzfeed media group including HuffPo. CEO Jonah Peretti will oversee a single news platform in the Buzzfeed Media Group so about 180 staffers or about 15% of the workforce will have to learn to code. And these layoffs apparently affect every division within Buzzfeed.
Looking over Buzzfeed News' illustrious history, I have found exactly one news story worth of note that they seemed to break.
It was a five part Buzzfeed News Investigation on the new internment camps China had opened to house thousands of Uigher Muslims they published back in August of 2020.
Oh and this was a pretty significant moment in Buzzfeed News history as well.
It turned out her quizzes actually made Buzzfeed almost $4 million dollars.
Amazing how they couldn't stay profitable in spite of such favorable profit to pay scales.
Rest in Pieces!
BuzzFeed News Is Shutting Down, Company Laying Off 180 Staffers
BuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff Thursday. The digital publisher is laying off 15% of its…
variety.com
Looking over Buzzfeed News' illustrious history, I have found exactly one news story worth of note that they seemed to break.
China Secretly Built A Vast New Infrastructure To Imprison Muslims
China rounded up so many Muslims in Xinjiang that there wasn’t enough space to hold them. Then the government started building.
www.buzzfeednews.com
It was a five part Buzzfeed News Investigation on the new internment camps China had opened to house thousands of Uigher Muslims they published back in August of 2020.
Oh and this was a pretty significant moment in Buzzfeed News history as well.
"It's kinda amazing how much revenue-generating traffic the site gets from unpaid community volunteers," the former director, Matthew Perpetua, wrote in the blog post. "So, in a ruthless capitalist way, it makes sense for the company to pivot to having community users create almost all of the quizzes going forward."
In a Free Press interview, McMahon said that until she saw the blog post, she never knew that her quizzes were so wildly popular. She had never inquired with BuzzFeed about getting any payment for them, she said, and the only material goods she received from the digital media company were four $30 Amazon gift certificates, a BuzzFeed sweatshirt and T-shirt and several water bottles.
Some social media users have speculated that McMahon's web traffic was worth in excess of $1 million in ad revenue for BuzzFeed. However, A BuzzFeed spokesperson said that such figures are "wildly inaccurate."
It turned out her quizzes actually made Buzzfeed almost $4 million dollars.
Michigan teen who made 700 BuzzFeed quizzes for free will stop after staff layoffs
Rachel McMahon, a sophomore at Grand Valley State University, was the No. 5 web traffic generator for BuzzFeed last year. She did it all for free.
www.freep.com
Amazing how they couldn't stay profitable in spite of such favorable profit to pay scales.
Rest in Pieces!