
Buzzfeed is cutting 15 per cent of its staff globally in a restructure designed to reduce costs and “improve our operating model so we can thrive and control our own destiny”, with UK staff likely to be affected.
In an email to staff, Buzzfeed chief executive Jonah Peretti said there would be a 15 per cent headcount reduction, with reports suggesting this could result in up to 250 jobs being lost.
Peretti confirmed that layoffs would take place next week.
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