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It's not easy to determine what BuzzFeed did wrong.
ijnet
February 5, 2019
Reading time. 4 min
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By Laura Hazard Owen, NiemanLab Associate morocco cell phone number list Editor . This guest post was originally published in English on IJNet . It is brought to you as part of an editorial partnership between IJNet and Meta-Media. © [2019] All rights reserved.

BuzzFeed is cutting about 15 percent of its global workforce, or about 220 jobs, the Wall Street Journal reported . BuzzFeed CEO Jonah Peretti confirmed the move to his staff on Wednesday.

Even though BuzzFeed reported about $300 million in revenue in 2018 , according to the Wall Street Journal, Peretti said, " Revenue growth alone is not enough to succeed in the long term . The restructuring we are undertaking will reduce our costs and improve our operating model so that we can grow and control our own destiny , without ever needing to raise new capital ."