BuzzFeed will lay off 15 percent of its workforce next week as it looks to reduce costs and work toward a sustainable cost structure, CEO Jonah Peretti told staffers in an email last night.
Peretti said executives had looked to see where the company could “consolidate” teams and focus on what content to “achieve the right cost structure.” It wasn’t clear where the layoffs would come from within BuzzFeed or BuzzFeed News, which was spun off onto a different site in July.
“We
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