Tuesday, April 20, 2021
Home Media BuzzFeed abruptly lays off 47 employees including senior editors, shuts down HuffPost Canada

BuzzFeed abruptly lays off 47 employees including senior editors, shuts down HuffPost Canada

In a statement, BuzzFeed CEO Jonah Peretti said to the employees that they will begin to restructure HuffPost to fast-track its path to profitability.

On Tuesday, left-wing media outlet BuzzFeed announced that it has laid off 47 reporters, editors and producers from the newly acquired HuffPost in USA. BuzzFeed also said that they would be closing down HuffPost’s Canadian operation due to the ongoing organisational restructuring.

According to BuzzFeed, HuffPost Executive Editors Hillary Frey and Louise Roug have been asked to resign in the latest layoffs. The reporters’ sacking comes just three weeks after BuzzFeed had acquired HuffPost, the media outlet founded in 2005 as The Huffington Post, from Verizon Media.

In a statement, BuzzFeed CEO Jonah Peretti said to the employees that they would begin to restructure HuffPost to fast-track its path to profitability. Unfortunately, that includes staff reductions, and a number of talented colleagues will be laid off over the next few days, he said. Reportedly, Peretti said losses last year pegged at $20M and would be similar this year without intervention.

“Though BuzzFeed is a profitable company, we don’t have the resources to support another two years of losses,” said Peretti announcing his decision to lay off 47 employees.

HuffPost Canada to shut down, Union condemns arbitrary removal

In addition to restructuring in the United States, the HuffPost Canada will be shut down due to the restructuring.

Following the decision to sack employees, some HuffPost staffers have criticized the decision saying it is arbitrary and comes at a time after an exhausting year of pandemic.

The HuffPost Union, organized as part of the Writers Guild of America, East, criticised the restructuring effort in a statement. The union said the layoffs included nearly 30 per cent of its membership.

“We are devastated and infuriated, particularly after an exhausting year of covering a pandemic and working from home,” the union’s statement said.

Many of the laid-off employees lamented about the job loss on social media and objected to the way they were asked to quit the organisation for which they had worked for years.

Samantha Beattie, a senior reporter at HuffPost Canada, said that Buzzfeed shut down the company without informing them.

The Huffington Post, as it was originally called, was launched by Peretti along with the author Arianna Huffington, Andrew Breitbart and Kenneth Lerer in 2005. They started Buzzfeed the following year. However, in November last year, Buzzfeed had bought the remaining stakes of HuffPost owned by Verizon Communications Inc.

Following the decision, BuzzFeed had also decided to shut down the operations of HuffPost in India. The decision had come after the Indian government had capped the FDI in digital news at 26% to limit “foreign influence and interference in India’s domestic affairs, check Chinese and other overseas funding in news sites and create a level-playing field for all media”.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

IIT Kanpur Professor predicts COVID-19 to peak in May, dismisses claims of Kumbh and poll rallies being responsible for spread

The IIT Kanpur professor said that since the election rallies and the Kumbh are held in open spaces, there are few chances of it spreading the COVID virus

Government of India opens COVID-19 vaccine for everyone above 18 years of age: All you need to know

On April 19, the Government of India announced the Phase 3 Strategy of Covid-19 vaccination.

Imran Khan says ‘Inshallah, there will come a time that in Western countries, people will fear insulting Prophet’, but says rioting hurting Pakistan

Pakistan PM Imran Khan addressed the recent violence by Tehreek-i-Labbaik Pakistan (TLP) which enveloped Pakistan

Allahabad HC imposes restrictions in five cities till April 26, Govt of UP refuses complete lockdown as suggested by court: Details

Allahabad HC issued a list of strict restrictions in five UP cities Prayagraj, Lucknow, Varanasi, Kanpur Nagar, and Gorakhpur till April 26

Pakistan violence: Imran Khan government fails to control riots that erupted from protests against France

TLP is getting support in Pakistan from all sections, including armed police and military personnel.

Delhi and Maharashtra governments leave migrant workers in the lurch as they return to their native places in the wake of second wave of...

Migrant labourers in Delhi are leaving the city for their native places as Arvind Kejriwal announced a strict 6-day curfew to control the spread of the coronavirus

Recently Popular

Filmmaker Hansal Mehta challenges for free flight tickets to Pakistan but goes into hiding after Twitter user provides it. Read what happened

Hansal Mehta's flight to Pakistan via Dubai is scheduled for 20th April, 2021. We shall keep you posted if Mehta goes to Pakistan or will he register his name in long list of paper tigers.

Understanding the hate factory: How Rohan Joshi and his hateful post against Hindus gives us an insight into the ‘liberal’ mind

Comedian Rohan Joshi tells Bhakts, "I have nothing but contempt for them and nit a shred of empathy" as he mocks Coronavirus deaths

Maharashtra Remdesivir ruckus: Saket Gokhale brazens his lies by filing complaint against Fadnavis, BJP returns favour. Details

A complaint has been filed against Saket Gokhale by a BJP member in which the complainant has accused the Congress supporter of lying and waging a war against the state in the midst of a pandemic

Delhi couple abuses cops over masks in viral video, husband blames wife after arrest

Police have booked and arrested a Delhi couple after the duo misbehaved with the personnel over masks. The video went viral.

250 ventilators sent by central govt lied unutilized in the state of Punjab amid the second wave of coronavirus

250 ventilators sent by the central government to Punjab for use in government hospitals were lying unused till late March.

When ‘comedians’ double up as doctors and believe ‘Bhakts’ deserve the misery as Chinese coronavirus rages

You will never see them questioning how many mosques have opened up their gates as medical facilities. Because, everyone likes to keep their heads.
- Advertisement -

 

Connect with us

254,077FansLike
530,598FollowersFollow
24,200SubscribersSubscribe