When BuzzFeed announced last year that it would buy HuffPost, It was expected that the cost reduction would take place after the completion of the deal. Less than a month after undergoing the takeover, Buzzfeed hired 47 workers at HuffPost on Tuesday and shut down the Canadian version of the publication.
At a virtual company meeting, Buzzfeed’s chief executive, Jonah Perity, said the layoffs meant a loss at HuffPost. HuffPost, formerly owned by Verizon Media, lost more than $ 20 million last year and was on track to lose the same amount this year, according to an account of a meeting provided by Buzzfeed to Mr. Peretti to staff Told.
Employees were given a password to enter the meeting – a variation on the phrase “Spray! NgisH3r3,” “Spring is here.” Staff members were then informed that if they did not receive the email by 1 pm, their job was safe. Website Defection The password and other details of the meeting were first reported, confirmed by two people who attended the meeting and spoke on condition of anonymity to describe the internal discussion. A Buzzfeed spokesperson told The New York Times that the company regrets the tone of the password.
The HuffPost Union, which is affiliated with the Writers Guild of America East, said in a statement that the layoffs had affected 33 of its members, about a third of the local union. “We are devastated and maligned, especially after an exhausting year of covering an epidemic and working from home,” the union said in a statement.
Buzzfeed spokesman said that as part of Cuttack, Buzzfeed closed HuffPost Canada and announced plans to reduce the size of its operations in Australia and the UK. The spokesman said that at the end of the austerity measures, HuffPost would have a larger news room than Buzzfeed News.
At the meeting, Mr. Peretti said that HuffPost’s executive editor, Hilary Fray, and its international executive editor, Louise Rouge would soon leave the company. HuffPost is primarily done without an editor Lydia Polgreen went a year ago To become the head of content at Gimlet Media, a Spotify-owned podcasting company. Mr. Peretti said he hopes to announce Ms. Polgreen’s successor in the coming weeks.
Anyone who takes the job will report primarily to Buzzfeed News editor Mark Schoofs. At the meeting, Mr. Peretti reiterated that Buzzfeed and HuffPost would remain separate from each other, with separate editorial staff.