It’s been a rough week for media workers as companies have announced large layoffs.
This week, a handful of companies announced layoffs across different divisions.
BuzzFeed, for example, will be cutting 220 employees, or 15% of its total staff, making cutbacks in a difficult operating environment.
BuzzFeed has about 1,450 employees, so about 220 will be leaving, one of the sources confirmed. Its CEO Jonah Peretti confirmed the sharp cut on Wednesday after reporters from other news outlets began inquiring.
The layoffs, he said in an internal memo, are part of a broader effort to “put us on a firm foundation and allow us to invest and grow sustainably for years to come.”
Not the only one
Gannett announced layoffs across the nation, from journalists to editors to a high school reporter.
Huffington Post began a round of layoffs as part of parent company Verizon Media Group’s larger restructuring plans (the company plans to cut 7% of its staff nationwide).
“This is going to be a tough week,” BuzzFeed News editor Ben Smith said in an email to staffers as the news trickled out on Wednesday evening.
“I realize that you will have a lot of questions about specifics. We’re committed to answering them, but we aren’t going to be able to until next week,” he wrote. “Thank you for bearing with us.”