News Snapshot:
BuzzFeed News, one of the signature news brands of the last decade, is shutting down. Jonah Peretti, co-founder and CEO of parent company BuzzFeed, told employees in an email on April 20 that the company will discontinue its namesake news vertical and focus instead on HuffPost, a news brand that Peretti also co-founded, and which BuzzFeed bought from Verizon Media in 2020. About 180 people, or 15% of the company’s 1,200 employees in total, will be laid off. Some news employees will reportedly be reassigned to different units in the company. BuzzFeed’s journalists in the US are unionized and represented...
