The top editor at BuzzFeed News has resigned as the digital-media company cuts staff and projects it will lose as much as $20 million this quarter.
BuzzFeed News employees walk out on Thursday to push for higher wages as they continue to negotiate a contract.The changes came as BuzzFeed announced its first earnings as a public company Tuesday. The company reported that fourth-quarter revenue increased 18% due to growth in advertising and content sales.
On a conference call with analysts, BuzzFeed Chief Executive Jonah Peretti said the company is committed to making BuzzFeed News a stronger financial contributor to the larger business.
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