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Axios
Axios
Business

BuzzFeed limits hiring following rough public debut

BuzzFeed SPAC
Data: Yahoo Finance; Chart: Axios Visuals

BuzzFeed is limiting hiring to only critical positions, and will not be adding any new jobs unless there's a business-case justification, CEO Jonah Peretti told staff last week.

Why it matters: BuzzFeed is under pressure to preserve cash after a high level of redemptions from SPAC investors ahead of its IPO merger in December.

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