The Pulitzer Prize winning digital media company has suffered from a loss in advertising.
| The Associated Press
In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams. BuzzFeed is also considering making job cuts in international markets. “I’ve learned from these mistakes, and the team moving forward has learned from them as well,” Peretti wrote. “We know that the changes and improvements we are making today are necessary steps to building a better future.”
Smith made the controversial decision in 2017 to publish a “dossier” of information about then-President Donald Trump, even though many outlets avoided it as unreliable and even Buzzfeed said there were serious reasons to doubt the allegations. He wrote then that “we have always erred on the side of publishing.
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