Business

BuzzFeed Restructures Amid Ownership Change

Updated 2026-07-27 20:40 UTC 1 source Negative

BuzzFeed is laying off about 35% of its workforce following a deal to sell a controlling stake to entrepreneur Byron Allen. The layoffs come as the company seeks to adapt to new ownership and business strategies.

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Variety
BuzzFeed is slashing its workforce on the heels of the digital media company’s deal to sell a controlling ownership stake to entrepreneur and comedian Byron Allen. The company disclosed that it is laying off about 35% of its current employees and contractors. “The reduction in workforce
2026-07-27 20:36 UTC
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