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Briefing

BuzzFeed Cuts 12% of Workforce

By
Martin Peers
· · Source: The Information

BuzzFeed plans to shrink its workforce by 12%, the company said in a securities filing, as it looks to reduce costs in the face of a difficult economy. The digital media firm said it expects to recognize severance and other costs related to job cuts of betwen $8 million and $12 million. BuzzFeed had around 1,500 employees at the end of last year, although it cut a small number of jobs in...

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