JUST IN: Major Anti-Trump News Outlet SHUTS DOWN

Must Read

(SNews) – BuzzFeed News, the left-wing media outlet that caused outrage across America for publishing the entire phony Steele Dossier that falsely accused President Donald Trump of numerous crimes, has shut down.

The move to shutter the outlet comes as its parent company, BuzzFeed Inc., slashed its workforce.

The company will cut roughly 15% of its staff and shutter its news operation because of a downward trend in performance combined with a challenging economy.

CEO Jonah Peretti told employees in a memo:

“We are reducing our workforce by approximately 15% today across our Business, Content, Tech, and Admin teams, and beginning the process of closing BuzzFeed News.

“Additionally, we are proposing headcount reductions in some international markets

“While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization.

“I overinvested in BuzzFeed News because I love their work and mission so much.

“This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism purpose-built for social media.

“Please know that we exhausted many other cost savings measures to preserve as many jobs as possible.

“I’ve learned from these mistakes, and the team moving forward has learned from them as well.

You Might Like

“We know that the changes and improvements we are making today are necessary steps to building a better future.”


Latest News

SHOCK VIDEO: Ukraine President and Canada’s Parliament Honor an Actual Nazi

(TStarnes) - The Canadian Parliament and Ukrainian President Volodymyr Zelenskyy are facing international outrage for giving a man who...

More Articles Like This