Latest in Jonah Peretti

Jonah Peretti, founder and CEO of digital publisher BuzzFeed announced plans to downsize its news business amid the departure of several editors. Companywide workforce reductions at the digital publisher, which went public last year via a SPAC deal, will impact about 1.7% of its total workforce including small cuts at…

BuzzFeed sales jumped 51% last quarter to $89 million on gains in advertising and commerce as the digital media publisher prepares to go public via a SPAC merger and acquire another company, Complex Networks. Ad revenue increased 79% to $48 million, driven by higher pricing on programmatic and an increase in the total…

BuzzFeed said Tuesday that it will cut the size of the staff of HuffPost after it acquired the news site. The cuts will affect 47 employees in the U.S., while HuffPost Canada is closing and HuffPost Australia will be moving away from local coverage, according to a BuzzFeed spokesperson. They also will look at…

Many of those affected by BuzzFeed’s latest round of layoffs have been taking to Twitter this morning to share the unhappy news. The company confirmed Wednesday it planned to lay off 15% of its workforce, or about 200 people, including many news staffers. In a memo to employees on Wednesday, co-founder and CEO Jonah Pe…

BuzzFeed, long the poster child for pure-digital growth, is shedding 100 jobs in a significant restructuring, and president Greg Coleman is transitioning into a new, unspecified role. The layoffs, confirmed in a staff memo from CEO Jonah Peretti, will affect mainly the company's "business" unit. The group "was built…