BuzzFeed Layoffs
February 2024
BuzzFeed announced a layoff affecting 0 employees (16% of its workforce) in February 2024. The company operates in the Media sector.
0
16%
Feb 21, 2024
About
BuzzFeed is laying off 16% of its remaining workforce, affecting employees across the company as part of a restructuring effort to improve profitability. This follows the sale of its youth-culture media brand Complex to ecommerce platform Ntwrk for $108.6 million. With a remaining staff of just under 1,000, the cuts are expected to save about $23 million annually. The move, announced in late February 2024, comes after the company shut down its BuzzFeed News division in 2023. As a digital media company, BuzzFeed will now focus on its core brands like BuzzFeed, HuffPost, Tasty, and the retained First We Feast.
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View Sourcevariety.comRelated Events
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