BuzzFeed to Cut Jobs as Part of Byron Allen-Led Restructuring
SOURCENews reportView the filing ↗
What we know
Location: global.
Department affected: HuffPost and Tasty (among various divisions).
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
BuzzFeed disclosed in an SEC filing and an internal memo that it approved a workforce reduction affecting approximately 35% of its employees — roughly 180 roles across BuzzFeed, HuffPost and Tasty — as part of a major restructuring after Byron Allen became majority owner and CEO. Leadership said the cuts are required to put the business on a path to profitable and sustainable growth following a period of declining advertising revenue and widened net losses. The move follows Allen's investment and takeover earlier this year and is positioned as part of a broader effort to reduce costs and support a turnaround tied to ad-supported streaming ambitions. The announcement was made in a filing and memo; no specific effective date for the reductions was provided in the article.
BuzzFeed cut 180 jobs affecting its HuffPost and Tasty (among various divisions) team.
That is roughly 12% of the 1,500 people BuzzFeed employs.
LayoffTalk has tracked 3 layoff events at BuzzFeed, with 3 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by BuzzFeed.
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