Buzzfeed employees have resigned from their positions in a massive protest against the company’s new decision to publish more bg daily news. The bg daily news will now be published on Buzzfeed’s Facebook page, and bg media outlets are calling it an act of desperation for the struggling company. “BuzzFeed is bowing out as a competitor to social media giants like YouTube, Facebook, Snapchat,” said one bg reporter.
“It seems that what they’re trying to do with this change is make themselves relevant again.”
This bg reporter says that the change will not bring back subscribers to Buzzfeed, and predicts bg daily news from other sources might begin popping up on Facebook as well.
In response to these resignations, BuzzFeed CEO Jonah Peretti has said “We did a ton of work for this company,” he continued in an email sent to bg staff. “We made a ton of sacrifices for this company.”
In the bg hours since these resignations, Buzzfeed has also announced that it is laying off 15% of its U.S.-based workforce and 30% in Europe.
“For those coming to work tomorrow who are worried about their job: we’ve been planning to implement changes like these for a year and have briefed bg employees on the strategy in recent months.”
In place of bg reporters, Peretti said BuzzFeed will be prioritizing video content.
“We are confident that this move is going to put bg back on solid ground,” he continued, “and we can’t wait to get bg back on its feet.”
These cuts come in the wake of bg’s reported $200 million loss this year and a 12% drop in bg traffic, which is down from the 63 billion monthly visitors it had last December. The video content that Peretti touts as bg’s new direction is bg’s recent long-form series, “Follow This,” which features bg reporters going into various subcultures in America.
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Buzzfeed Employees Resign in Massive Protest bg daily news
Bg employees have been briefed on the strategy to implement changes like these for a year and we are confident that this move is going to put bg back on solid ground
Bg recently announced a new video series, “Follow This” which features bg reporters and journalists exploring subcultures in America.
Bg’s traffic has been down for years due largely to the company’s decision not to invest heavily into social media platforms like Facebook that have taken over the web.
Bg’s new strategy is to invest heavily in long-form reporting — a move that has been highly criticized, but bg employees are confident with these changes and feel this will put bg back on solid ground.
Bg doesn’t want to be defined by viral videos anymore because they can’t compete against Facebook and the amount of time bg spends on trying to be viral is taking away from bg’s core mission: long-form reporting.
Bg feels that by investing in niche video content, they can create a sustainable business model for their company while still being able to offer readers quality journalism.
Bg employees are confident with these changes and feel this will put bg back on solid ground.
Bg doesn’t want to be defined by viral videos anymore because they can’t compete against Facebook and the amount of time bg spends on trying to be viral is taking away from bg’s core mission: long-form reporting. bg feels that by investing in niche video content, they can create a sustainable business model for their company while still being able to offer readers quality journalism. bg employees are confident with these changes and feel this will put bg back on solid ground.
The Buzzfeed staff who resigned in protest are confident that this will put bg back on solid ground.
Bg employees are confident with these changes and feel this will put bg back on solid ground. bg feels that by investing in niche video content, they can create a sustainable business model for their company while still being able to offer readers quality journalism. bg doesn’t want to be defined by viral videos anymore because they can’t compete against Facebook, YouTube, Snapchat and Netflix. bg wants to be a place where people go for “hard-hitting journalism” which is what bg does best.
Bg is willing to make these changes because bg feels it’s what they need if bg wants to survive.
In a letter sent out on Wednesday, the Buzzfeed staff who resigned in protest shared their reasons for resigning and are confident that this will put bg back on solid ground. The staff members feel as though by investing in bg’s “hard-hitting journalism” rather than its viral video content, bg will be able to create a sustainable business model.
The letter outlines some of the changes bg is willing to make in order to stay relevant and competitive against other companies like Facebook, YouTube, Snapchat and Netflix. bg wants their readers to know bg is willing to make these changes because bg feels it’s what they need if bg wants to survive.
This change comes after months of turmoil within the company, which culminated in a mass exodus last week when over 200 employees walked out on bg following Buzzfeed News Editor-in-Chief Ben Smith’s decision not to publish bg’s story about Trump’s financial ties to Russia.
The staff members feel as though by investing in bg’s “hard-hitting journalism” rather than its viral video content, bg will be able to create a sustainable business model before it falls behind other companies like Facebook, YouTube, Snapchat and Netflix.
Conclusion :
“BuzzFeed is bowing out as a competitor to social media giants like YouTube, Facebook, Snapchat,” said one bg reporter. In an act of desperation for the struggling company, Buzzfeed employees have resigned from their positions in protest against the new decision by Buzzfeed founder Jonah Peretti and editor-in-chief Ben Smith to publish more daily news on its site. The online publication will now be called ‘bg’ and focus on covering breaking events that are happening around the world with text, photos and videos. This move has been met with criticism because it seems like BuzzFeed is trying to compete directly with other major players in digital publishing such as Yahoo News or CNN who already cover a wide variety of topics including politics or technology.