media and entertainment company Buzz feedlay off 15 percent of its employees. According to the information obtained, as BuzzFeed continues on its way, BuzzFeed News it will close. Director Jonah Perettiin his email to the company’s staff, who fired them “in business, content, technology and executive teams” declared it would happen.

The company’s Human Resources department is reaching out to employees affected by the layoffs, but BuzzFeed News’ job cuts are being renegotiated with the News Guild. CEO Peretti said the layoffs could affect almost any division.

“We had the potential to generate much more sales”

An NYT reporter took a note of CEO Jonah Peretti on social media. shared. Peretti in the shared note “We have faced more challenges in recent years than I can count. These include a pandemic, a weakening SPAC market that provides less capital, a technology recession, a struggling economy, a falling stock market, a slowing digital advertising market, and ongoing audience and platform shifts.

But I also want to make it clear: as CEO of this company, I could have managed these changes better and our leadership team could have performed better despite these circumstances. The macroeconomic environment is tough, but we had the potential to generate much more revenue than we have generated over the past 12 months.” he said.

The company’s workforce cuts come at a time when major tech companies other than Apple are making similar mass layoffs.