The BuzzFeed Bloodletting: A New Era of Media Contraction?
The sudden layoff of 180 staffers at BuzzFeed, HuffPost, and Tasty is a stark reminder that even in the era of social media dominance, no digital media company is immune to the brutal economics of online publishing.
This round of layoffs, prompted by new owner Byron Allen's vision for profitable growth, raises important questions about the future of digital journalism.