BuzzFeed is shutting its news operation, and business news publisher Insider is cutting about 10 per cent of its staff in the latest retrenchments for the digital-media business.
BuzzFeed is shutting its news operation, and business-news publisher Insider is cutting about 10 per cent of its staff in the latest retrenchments for the digital-media business.
Insider, co-founded by former Wall Street analyst Henry Blodget, began telling over 100 staffers that they are losing their jobs on Thursday and planned an all-hands meeting. BuzzFeed will focus its news operations on HuffPost, which the company acquired in 2020 and is profitable, and continue to operate its namesake website, along with the youth-oriented media business Complex, Tasty and First We Feast.
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