Buzzfeed says it is in the process of shutting down Buzzfeed News and will cut about 15% of its workforce
A BuzzFeed sign is seen during the company's debut outside the Nasdaq Market in Times Square in New York City, U.S., December 6, 2021. REUTERS/Brendan McDermidsaid on Thursday it will shut down its news division and will cut its workforce by 15%, sending the shares of the digital media company down 10%.
The layoffs will affect 180 employees in teams including business, content, tech and admin teams, CEO Jonah Peretti said in an email to staff.Reporting by Yuvraj Malik in Bengaluru
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