BuzzFeed (BZFD) Confirms Plans to Cut 15% of Workforce
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BuzzFeed (BZFD) to layoff 15% of employees, close down news division
April 20, 2023 11:47 AM EDTBuzzFeed (NASDAQ: BZFD) shares dropped over 20% Thursday after the company confirmed in a filing that it is cutting 15% of its current workforce and closing BuzzFeed News.
The company said the workforce reduction is part of a broader strategic reprioritization across the company to accelerate revenue growth and improve upon profitability and cash flow. It... More
BuzzFeed shutters news unit, cuts 15% of staff
April 20, 2023 11:18 AM EDTBy Yuvraj Malik and Greg Bensinger
(Reuters) -BuzzFeed Inc said on Thursday it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to the challenges of its digital-first business model.
Shares of BuzzFeed nosedived 20% to 75 cents after the New York-based media company said it will cease its namesake news and focus on the quirky lists and cooking videos that are its bread and butter. It will lay off some 180 employees in business, content, tech and administration, about 15% of its workforce, BuzzFeed said, and its HuffPost unit will be its primary news... More
BuzzFeed (BZFD) to reduce workforce by 15% in some areas, shut Buzzfeed News - NYT
April 20, 2023 11:16 AM EDT(Updated - April 20, 2023 11:17 AM EDT)
BuzzFeed (NASDAQ: BZFD) to reduce workforce by 15% in some areas, shut Buzzfeed News - NYT
Ben Mullin (@BenMullin) April 20, 2023... More
BuzzFeed (BZFD) April puts active into trading halt
April 20, 2023 11:09 AM EDTBuzzFeed (NASDAQ: BZFD) call put ratio 1 call to 48 puts with focus on April 0.5 puts as shares halted trading down 26% to .69 cents.
BuzzFeed (BZFD) Halted on Circuit Breaker
April 20, 2023 11:06 AM EDTBuzzFeed (NASDAQ: BZFD) Halted on Circuit Breaker
... MoreBuzzFeed (BZFD) News is Being Shut Down - CNN
April 20, 2023 11:06 AM EDTBuzzFeed (NASDAQ: BZFD) News is Being Shut Down - CNN
NEWS: BuzzFeed News is being shut down.
Oliver Darcy (@oliverdarcy) April 20, 2023
