Online media outlet BuzzFeed to fire 15% of its staff
Online media outlet BuzzFeed has announced it will lay off 15% of its employees next week. BuzzFeed CEO Jonah Peretti, in a memo to employees, said the restructuring will reduce costs and "improve our operating model...without ever needing to raise funding again." "These are talented people, friends, and valued colleagues...whoâve done nothing wrong," Peretti added.