Buzzer Layoffs
May 2023
Buzzer announced a layoff affecting 0 employees in May 2023. The company operates in the Consumer sector.
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May 9, 2023
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Mobile sports streaming startup Buzzer is laying off a significant portion of its workforce as it pivots from a consumer-facing app to a B2B technology provider. The company's headcount has shrunk from a peak of around 65 employees early last year to fewer than 30 as of May 2023, representing a reduction of over 50%. This strategic shift comes in response to changing market dynamics, including leagues and teams seeking more direct control over their digital streaming distribution. The company, which has raised $44 million from prominent sports investors, will now offer its proprietary technology and services under a "Powered by Buzzer" model to help rights holders build and enhance their own direct-to-consumer streaming platforms.
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