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Trump blames media layoffs on ‘fake news and bad journalism’

Click to play video 'Trump: ‘Buzzfeed piece was a disgrace to our country, to journalism’' Trump: ‘Buzzfeed piece was a disgrace to our country, to journalism’
WATCH: "Buzzfeed piece was a disgrace to our country, to journalism," Trump says – Jan 19, 2019

Donald Trump is blaming economic woes in the media industry on “fake news and bad journalism.”

On Saturday in a Twitter post referencing recent staffing cuts at BuzzFeed and the Huffington Post, the U.S. president said they have “caused a big downturn.”

“Sadly, many others will follow,” he said. “The people want the truth.”

READ MORE: Trump says it’s a ‘sad day for journalism’ after Mueller’s office disputes BuzzFeed report

BuzzFeed announced Friday it was firing about 200 people, 15 per cent of its staff. Earlier in the week, it was revealed that Verizon’s media division, which includes Huffpost and Yahoo, would be reduced by 800 positions.

WATCH: New report finds Canadians consuming more news, but increasing anxiety over fake news

Click to play video 'New report finds Canadians consuming more news, but increasing anxiety over fake news' New report finds Canadians consuming more news, but increasing anxiety over fake news
New report finds Canadians consuming more news, but increasing anxiety over fake news – Feb 14, 2019

Buzzfeed was criticized by the president last week as well after the office of Special Counsel Robert Mueller said a story on Trump’s former lawyer Michael Cohen and the Russia investigation was not accurate.

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The report, which Buzzfeed said it was standing by, alleged that Trump had asked Cohen to lie about a proposed Trump Tower project in Russia.