Online publisher announces job losses to shore up finances as Verizon unveils plan to sack 800 workers
BuzzFeed has announced plans to lay off hundreds of staff, as digital media firms struggle to turn a profit while dealing with the same financial issues that have plagued traditional publishers for years.
Jonah Peretti, BuzzFeed’s founder, said about 200 staff would be leaving, while in a separate announcement Verizon Media Group – the owner of HuffPost, Yahoo, and AOL – said it would sack about 800 employees.
Continue reading...from The Guardian http://bit.ly/2Ubx6gN
