BuzzFeed News, the Pulitzer Prize-winning news division of BuzzFeed.com, will wind up its operations, CEO Jonah Peretti announced on Thursday. The shutdown is part of a new round of layoffs at the company that will reduce its workforce by nearly 15%.
Pretti said the job cuts would also impact its business, content, tech, and administrative teams. The company is also considering to slash workforce in some international markets.
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In a memo to the staff, Peretti said that he made the decision to overinvest in the news arm, but failed to recognize early enough that the financial support required to sustain operations was not.
Who is Jonah Peretti?
Jonah Peretti is an entrepreneur and a co-founder of BuzzFeed and the Huffington Post. He is the developer of reblogging under the project “Reblog”.
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Age
Jonah Peretti was born on January 1, 1974, in California. He is 49 years old. Jonah was raised in Oakland, California.
Family
Peretti’s father is a criminal defense lawyer and painter. He is of Italian and English descent. His mother, a Jewish, is a schoolteacher. Jonah’s sister Chelsea Peretti is a comedian, actor, and writer.
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Relationship
Jonah Peretti is married to blogger Andrea Harner. The couple has twin sons.
Career
Peretti attended The College Preparatory School in Oakland. In 1996, he earned a degree in environmental sciences from the University of California, Santa Cruz.
After graduating, he taught computer science at Isidore Newman School in New Orleans.
In 2001, he earned a master’s degree from MIT Media Lab.
In 2005, Peretti co-founded The Huffington Post along with Kenneth Lerer, Andrew Breitbart, and Arianna Huffington. After AOL bought The Huffington Post for $315 million in 2011, he left the company.
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Peretti launched BuzzFeed in November 2006. It is an experimental lab that focused on tracking viral content and creating things people wanted to share. Under his leadership, BuzzFeed has grown to generate over 9 million monthly content views with an audience across the globe.
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Net worth
According to Celebrity Net Worth, Jonah Peretti’s current estimated net worth stands at $250 million.
