I can add to that doom and gloom: >The company-wide layoffs and elimination of the news operation come just months after BuzzFeed had laid off 12 percent of it

I can add to that doom and gloom: >The company-wide layoffs and elimination of the news operation come just months after BuzzFeed had laid off 12 percent of its staff in a cost-cutting measure. That penny-pinching move, which Peretti said was necessary due to an “ongoing audience shift to vertical video,”