The media meltdown continues, with BuzzFeed being the latest company to slash its workforce.
The Jonah Peretti-led digital media outlet says that it will cut its workforce by 16 percent amid a challenging environment. ...
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BuzzFeed also said Wednesday that it would sell Complex to the livestream shopping platform NTWRK for $108.6 million plus $5.7 million earmarked for office and severance costs. BuzzFeed will retain First We Feast under the deal.
The new layoffs come almost a year after BuzzFeed shed its staff by 15 percent and shut down BuzzFeed News, focusing all of its news content in HuffPost.
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