BuzzFeed to cut 11 jobs in Australia

BuzzFeed will axe 11 jobs in Australia as part of a broader cost-cutting exercise.

The company announced last week that it would shed 200 jobs, or 15 per cent of its global workforce.

The company announced last week that it would shed 200 jobs, or 15 per cent of its global workforce. Source: BuzzFeed

Digital news outlet BuzzFeed will downsize its Australian operation as part of a global cost-cutting exercise.

"BuzzFeed management have informed us that 25 roles in Australia are facing redundancy," BuzzFeed Australia general manager Simon Crerar Tweeted on Tuesday.

But management later said only 11 jobs will be cut after consultation. 

The outlet reportedly employs about 40 people in Australia. Mr Crerar said the roles would go after a "consultancy period".

The company announced last week that it would shed 200 jobs, or 15 per cent of its global workforce.

BuzzFeed CEO Jonah Peretti sent a note to employees last week, saying the layoffs would help the company avoid having to again hit up investors for more money.
The privately held company, based in New York, has not been profitable for several years and has raised hundreds of millions from investors.

US President Donald Trump, who regularly rails against what he calls "fake news", celebrated job cuts at BuzzFeed and another news outlet, HuffPost, over the weekend.

In a Tweet, he wrote: "Ax [sic] falls quickly at BuzzFeed and Huffpost! ... Fake News and bad journalism have caused a big downturn. Sadly, many others will follow. The people want the Truth!"

AAP is seeking comment from BuzzFeed Australia.

BuzzFeed is best known for its viral posts and quizzes and in recent years has ploughed significant resources into its news division.


Share
2 min read

Published

Updated



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world