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BuzzFeed News president and two other top editors are leaving the company ahead of newsroom cuts.
Mark SchoolsHe, who became editor-in-chief in 2020, said he would resign in an email to staff on Tuesday. He said assistant editor-in-chief Tom Namako and editor-in-chief of investigations Ariel Kaminer will also leave the company. Mr. Namako said in a tweet that he will be joining NBC Digital as managing editor.
Mr Schoofs said in email that the “next step” for BuzzFeed News is to speed up the timeline to make it profitable, and it needs to downsize to do that. He said the company hopes to achieve this through voluntary acquisitions rather than layoffs.
BuzzFeed’s CEO, Jonah Peretti, told staff in a separate email Tuesday that BuzzFeed News should “prioritize the coverage areas our viewers connect the most.”
Mr. Peretti said Samantha Henig, chief strategy editor of BuzzFeed News, will serve as editor-in-chief.
BuzzFeed announced further layoffs from its video team and editorial team at Complex Networks, a lifestyle publisher BuzzFeed acquired last year, and said there will also be cuts to business and administrative teams.
“Cuts affect about 1.7 percent of our total workforce today, and we don’t take that lightly,” Mr. Peretti wrote.
BuzzFeed, the parent company of BuzzFeed News, reported earnings for the first time on Tuesday. public company It said that after it began trading on the Nasdaq on Dec. 6, revenue was up 18 percent year-on-year to $145 million in its most recent quarter. Profit rose 29 percent year-on-year to $41.6 million.
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