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Report: BuzzFeed to Layoff 12% of Workforce

FILE PHOTO: 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 McDermid
December 6, 2022

(Reuters)—Online media company BuzzFeed Inc said on Tuesday it will cut about 12% of its workforce, in a bid to reduce costs.

As of Dec. 31, BuzzFeed had 1,522 employees across six countries, according to a regulatory filing.

(Reporting by Eva Mathews in Bengaluru; Editing by Anil D'Silva)