BuzzFeed To Lay Off More Than One-Third Of Its Staff

“In the first major restructuring move of Byron Allen‘s ownership tenure, … some 180 staffers (are) to be given pink slips companywide. … BuzzFeed, across all its units, had approximately 510 employees prior to the cuts. The company said it expects to see $29 million to $32 million in annualized savings.” – The Hollywood Reporter