The left-wing media company BuzzFeed has been forced to lay off around 100 employees and eight percent of its U.S. workforce as part of a restructuring plan after the company missed revenue targets, the Wall Street Journal reported.


http://www.breitbart.com/big-journalism/...e-targets/

Sweet justice.

Dupe: thread-65500...pid1691421

Solid irony game in the OP's username also

For reference, according to Wikipedia, they had 770 employees (as of 2014).

They realized Mike Cernovich gave them something worth more views than whatever cat gifs those 100 gave them.

#efficiency

This makes me really happy

Are they the 100 employees with the highest testosterone?

This should go in the positive news thread/lounge.

Buzzfeed wants to go public. Apparently, an IPO has been in the works, but they fucked up their valuation and revenue forecasts. Apparently, this revenue target was crucial to hit as they were about to try and get that big money on the exchange.

Lots of folks had their eye on this as it would have been the first "New Press/Meda" company to go public. Buzzfeed is playing dress up like all the rest of the oligarch companies in the settign fire to employees when they fuck up on earnings. Have to get that practice in of making sure shareholders get their piece... of course.

Turns out people don't like fake news. Go figure.

Incredible that it takes 700 people to run that steaming pile of shit. We could do it with 70 and still have time to go out and game afterwards.

oy vey its anudda shoah!

Proposed names for this event:

Soy Strikes Back
The Last Soy Boy
Close Encounters of the Soy Kind
S-Men: Soypocalypse

The clickbait model is slowly dying. Thank God. It had it's era, like yellow journalism once did, but people are wising up to wasting their time on such garbage. Quality > Quantity is becoming the norm. People are talking about this in high level marketing circles. 80% of page views come from 20% of blog posts.

Quote: (11-30-2017 12:59 PM)Samseau Wrote:  

The clickbait model is slowly dying. Thank God. It had it's era, like yellow journalism once did, but people are wising up to wasting their time on such garbage. Quality > Quantity is becoming the norm. People are talking about this in high level marketing circles. 80% of page views come from 20% of blog posts.

That pesky Pareto Principle strikes again.

Quote: (11-30-2017 09:58 AM)Handsome Creepy Eel Wrote:  

Proposed names for this event:

Soy Strikes Back
The Last Soy Boy
Close Encounters of the Soy Kind
S-Men: Soypocalypse

Headline News:

The saddest Soy in the world: oversupply of Soy will burst the bubble?

It's not just blogs like BuzzFeed, but major newspapers like the Failing NYTimes and Amazon WaPo can't afford to pay seasoned journalists, so their staffs are mainly made up of 20s or early 30s soyboys and women who work for peanuts. Thus, they rely on being able to push their political/social agenda through their work to compensate for their poor salaries.

What are these kids supposed to do when they get into their late 40s or 50s? They won't have enough in savings to give them confidence of an adequate retirement and the world of modern journalism doesn't reward senior journalists with six figure salaries anymore, unless they get one of the dwindling spots at a major network.

^^ Their minds are so filled with delusions I don't see how any of those 'bloggers' or 'journalists' can survive in the real world. Their $14 an hour blogging job will be the golden years of their life which they'll learn the hard way.

Bumping this thread back up based on the layoff announcements regarding Buzzfeed (I mentioned it in another thread) and now Huffington Post is affected.

Interesting threads below from Nick Monroe.

@nickmon1112 What's going on with this stuff about reporters from BuzzFeed and HuffPo getting laid off?
Since you asked I’ll vomit out a mini thread
11:57 AM - 24 Jan 2019

"As HuffPost and BuzzFeed shed staff, has the digital content bubble burst?" Fascinating opening paragraph, b/c it tells us this Jonah Peretti guy is responsible for two of the most cancerous sites on Earth http://archive.is/oSmap


"Writing a book about suicide. HuffPost reporter." http://archive.is/k9B5k


"It's a crisis," says Chris Hayes on the Huffbuzz dilemma. http://archive.is/1iOTU


BuzzFeed to Cut 15% of Its Workforce https://www.wsj.com/articles/buzzfeed-to...1548286211


"Who owns BuzzFeed? NBC." says @chuckwoolery http://archive.is/Wnjew


Given the political shitshow Buzzfeed has caused recently, I bet not as many of you are sore at the news of the layoffs.
https://dailycaller.com/2019/01/23/buzzf...reporting/


So on top of YESTERDAY and Buzzfeed, TODAY was Huffpost.
https://www.hollywoodreporter.com/news/h...ts-1178787


This will probably just turn into a thread where I list off people tweeting they're out of work. http://archive.is/JCwvT


As mentioned earlier, the Huffpost opinion section was cut http://archive.is/6GPJf

Now I wonder where we will get our daily dose of ultra leftist propaganda garbage?


Oh that’s easy:.EVERYWHERE

Continued of Nick Monroe's thread...

Erin Schumaker http://archive.is/FVVbA


Amanda Duberman http://archive.is/ILa9j


Since Huffington Post unionized, their union group put out a statement re: layoffs http://archive.is/lEnDk


Nick Wing http://archive.is/WrbIz


Carolina J. Moreno http://archive.is/1Fy9q


Jessica Luther http://archive.is/0ka4n


Kenya Downs http://archive.is/dSMdo


And of course Chloe Angyal.... who turned the killing of Huffpost's opinion section into some sort of abortion reference. http://archive.is/zDsON


So @willchamberlain is like a shark who smells blood in the water and is seizing this opportunity to take Huffington Post's layoffs further. With the #HuffPoMustGo hashtag, people are advocating for the complete shutdown of the outlet. http://archive.is/Yi44T


Laura Bassett http://archive.is/2ZSQ5

Quote:[/url]

^^^^

Quote:Quote:

Insiders: HuffPost Layoffs Hit 20 Employees Throughout Editorial

Jon Levine | January 24, 2019 @ 1:50 PM

The HuffPost layoffs which began rolling out Thursday will hit roughly 20 employees, all of whom will come from editorial, two company insiders confirmed to TheWrap on Thursday. While news of the layoffs first emerged Wednesday evening, the total number of affected employees had not previously been known.

In addition to the layoffs, the website will eliminate their opinion vertical and cease health enterprise reporting.

“A lot of confusion and frustration,” one employee told TheWrap describing the state of the newsroom. “People were getting calendar invites early in the morning up until the afternoon. The calendar invites were pretty much the sign that we were being laid off.”

“Today was very, very tense,” the employee added. “It doesn’t seem fair that good reporters are being laid off because of poor choices made by leadership.”

The cuts are part of a broad wave of layoffs at HuffPost’s parent company Verizon Media, which announced yesterday that they would shed seven percent of their overall workforce.

The Writers Guild of America, East confirmed that 15 union members at HuffPost lost their jobs in Thursday’s layoffs.

In a statement, the Writers Guild said, “Today is a tough day at HuffPost. A number of good people lost their jobs as part of company-wide layoffs, despite Verizon taking in nearly $4 billion in government funded tax breaks last year and a promise that workers will ‘share in the company’s success.’ This is one of the many reasons why staffs working in the media industry continue to join together to fight for workplace protections that include collectively bargained severance packages and fair layoff notifications. Everyone who works in media needs to organize their workplace.”

Reps for HuffPost did not respond to multiple requests for comment from TheWrap throughout the day Thursday, but individual employees of the website — many who have spent years there — began posting real time updates on Twitter.

“Hi all. So some sad news. As of this morning, HuffPost’s opinion section is no more. I and the rest of the team have been let go,” Bryan Maygers, the website’s opinion editor, tweeted. “Thanks to all the brilliant writers who contributed over the last year, you were what made this job fun.”

“My team @huffpost got eliminated today,” health enterprise reporter Lauren Weber, who joined the team last April, said. “It’s been a great ride, from building a Morning Email list of ~1 million people to covering Ebola’s resurgence. Grateful for the time I’ve had and ready to write for you on public health and more.”

The day of reckoning at the website was part of a broader week of layoffs that affected roughly 1,000 media industry jobs according to CNN. Also this week, Gannett trimmed staff across their newspapers titles, while BuzzFeed announced they would shed 15 percent of their workforce — or roughly 215 people.

In an email to staff Wednesday evening, CEO Jonah Peretti said the cuts were necessary to put the company on a sustainable path for the long term.

“Over the past few months, we’ve done extensive work examining the trends in our business and the evolving economics of the digital platforms,” he said. “We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure to support our multi-revenue model. We are confident the changes we are making will put us on a firm foundation and allow us to invest and grow sustainably for years to come.”

“It doesn’t seem fair that good reporters are being laid off because of poor choices made by leadership.”


Edit. "...beautiful, diverse, inclusive baby we built from scratch is gone." HAHAHAHA!!!

Quote:[url=https://twitter.com/ChloeAngyal/status/1088471945945985024]

She should look at it as an abortion of unwanted and unneeded editorial drivel and celebrate Verizon's power of choice.

I have some work for Lauren Basset and Erin Shumacker.

Its called Seeking Arrangement but I pay for booze only.