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AP National Business

BuzzFeed cutting jobs, top editors leaving news division

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KMIZ

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Published 2:52 PM

By TALI ARBEL
AP Business Writer

BuzzFeed is shrinking and shifting the focus of its Pulitzer prize-winning news division. The digital media company best known for its lighthearted lists and quizzes says it is striving to increase its profitability. It is offering voluntary buyouts in its high-profile, 100-person newsroom. Its news division is unprofitable but has won awards, including its first Pulitzer last year. Top editors leaving include Mark Schoofs, the editor in chief of BuzzFeed News, and deputy editor in chief Tom Namako, who announced a move to NBC News Digital on Tuesday. BuzzFeed’s shares have dropped more than 40% since the company went public in early December. Still, the company reported Tuesday that it had a solid year in 2021. Its stock rose 6.5%.

Article Topic Follows: AP National Business

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