The media company reported first-quarter revenues of $67.2 million, down 27 percent year-over-year.
report since the layoffs were announced, CEO Jonah Peretti said the layoffs and changes made to the company — which included reducing budgets, real estate, open roles, and cutting down on other expenses — had put the firm on the right path.
“We have reached an inflection point in digital media. Over the last few months, we have made significant strategic and organizational changes to position the business for long-term growth. Adaptation is in our DNA. By leaning into Creators and AI, I believe we can unlock new opportunities across our portfolio of trusted brands — including Tasty, First we Feast, Complex, HuffPost, and BuzzFeed,” Peretti said in the earnings release.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PolitiFact - Yes, a Texas bill would give GOP power to call election do-overs in left-leaning Harris CountyThe Texas Senate voted for a bill that would enable the state to call for election do-overs in only left-leaning Harris County if there are ballot shortages. If signed into law, the bill is expected to face legal challenges.
Read more »
Chris Pratt Talks Leaning on Jesus When Critics Attack His Faith: ‘2000 Years Ago They Hated Him, Too'Actor Chris Pratt is a committed Christian who carries his faith publicly and uses Jesus as a support when he is the target of haters.
Read more »
Elizabeth Holmes gets bizarre NYT profile as she delays prison timeElizabeth Holmes has given a series of bizarre interviews to the NYT as she delays starting her 11-year prison sentence
Read more »
'Shark Tank' winner boosted business after wife contracted long COVIDA 'Shark Tank' winner and stay-at-home dad who Mark Cuban called a 'compassionate capitalist' doubled down on his business when his wife's health took a sudden turn: 'There is no greater incentive to succeed than being put in a position like that'
Read more »
AI technology like ChatGPT is Silicon Valley attempt to save their business, avoid a stock market crashInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Letters to the Editor — Colin Allred, social media, park safety, electric vehiclesRe: “As Allred enters Senate race, Cruz shrugs off competition — He says the Dallas congressman is too liberal for Texas voters,” Thursday news story. As...
Read more »