With new BuzzFeed and ESPN layoffs, it's another dark day in media

The grim reaper has come to take what’s his from the media industry.

On Wednesday, BuzzFeed and ESPN both announced layoffs, with each company’s CEO issues a statement.

In the U.S., BuzzFeed’s layoffs will mostly affect employees in their business and advertising departments, while in the UK, some content teams will lose employees. The shift in the business and sales teams, possibly affected by BuzzFeed missing their revenue targets by more than 20 percent this year, also includes new roles for BuzzFeed president Greg Coleman, who will focus on the advertising side. 

BuzzFeed media and politics reporter Steven Perlberg first shared the news of the shake-up on Twitter.  Read more…

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Source: Mashable | With new BuzzFeed and ESPN layoffs, it's another dark day in media