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International Business Times UK
International Business Times UK
Business
Regyl Jaen

'The Money Is the Easy Part': Byron Allen Cuts 35% of BuzzFeed Workforce to Save $32M

Byron Allen BuzzFeed HuffPost Tasty United States
Byron Allen's takeover of BuzzFeed is already bringing dramatic changes, including cuts to more than a third of its workforce. (Credit: PHOTO: Wikimedia Commons, walkoffame.com)

BuzzFeed, the digital media company known for its viral content, announced sweeping layoffs on Thursday as part of an effort to cut costs and return the business to profitability. The cuts, affecting approximately 35% of its workforce, will eliminate about 180 employee and contractor roles across BuzzFeed, HuffPost, and Tasty.

Sweeping Cuts to Restructure the Business

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