BuzzFeed lays off 12% during challenging macroeconomic conditions

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • BuzzFeed is axing 12% of its workforce, or around 180 staffers, in a bid to cut costs as the digital media company faces headwinds including an ad-spending pullback and the completion of its integration of Complex Media.
  • The company said the layoffs are “intended to reduce the company’s costs” in response to factors including “challenging macroeconomic conditions”

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