Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

Briefing

BuzzFeed and Verizon Cutting Media Jobs

By
Tom Dotan
and
Beejoli Shah
· · Source: The Wall Street Journal

The fallout in digital media continues, as more companies are downsizing. Today word leaked out that BuzzFeed would lay off 15% percent of its workforce, the equivalent of 250 jobs. That would be the largest layoff in the company’s history—in 2017 it laid off 8% of its workforce. In a memo, BuzzFeed’s CEO Jonah Peretti said the layoffs were aimed at getting the company to become profitable this...

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