BuzzFeed announced layoffs for the HuffPost newsroom on Tuesday, three weeks after acquiring HuffPost from Verizon Media in February. A deal between BuzzFeed, HuffPost and Verizon Media was first made public in November. Verizon Media stated at the time that BuzzFeed and HuffPost would operate as “separate, distinct news organizations” with their own websites and editorial staff while BuzzFeed CEO Jonah Peretti led the combined company. “Though BuzzFeed is a profitable company, we don’t have the resources to support another two years of losses,” Peretti said. Peretti co-founded HuffPost in 2005 with the site’s namesake, Arianna Huffington, along with Andrew Breitbart and Kenneth Lerer, before starting BuzzFeed the following year.

Source: Huffington Post March 09, 2021 17:32 UTC