BuzzFeed to Lay Off 35% of Staff Under New Owner Byron Allen
BuzzFeed is set to cut 35% of its staff following the acquisition of the company by Byron Allen. The significant layoffs will impact a large portion of the company's employees under the new ownership.
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BuzzFeed Laying Off 35% of Its Employees After Byron Allen Takes Over Company
BuzzFeed is slashing its workforce on the heels of the digital media company’s deal to sell a controlling ownership stake to entrepreneur and comedian Byron Allen. The company disclosed that it is laying off about 35% of its current employees and contractors. “The reduction in workforce plan is intended to advance the Company’s path towards […]
By Todd Spangler
Read full article →BuzzFeed Cutting Staff By 35% Under New Owner Byron Allen
Two months after Byron Allen closed his purchase of BuzzFeed, the online publisher said it plans to cuta hefty 35% of staff and dedicated contractors across its brands. “The reduction in workforce plan is intended to advance the company’s path towards profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, […]
By Jillg366
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