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MODERATEAI LAYOFF
BuzzFeed: 160 jobs cut
February 23, 2024USMediaBuzzFeed
BuzzFeed laid off 16% of its remaining workforce (~160 people) in its second round of AI-era cuts. The company also sold Complex to NTWRK for $108.6M. CEO Jonah Peretti continued to emphasize AI content generation as a core business strategy alongside these workforce reductions.
Conservative
0
Core Estimate
64
Upper Bound
112
Sources
PrimaryHollywood ReporterFebruary 23, 2024
BuzzFeed cuts 16% of remaining workforce in second AI-era restructuring
BuzzFeed laid off 16% of its remaining workforce (~160 people) in its second round of AI-era cuts. The company also sold Complex to NTWRK for $108.6M. CEO Jonah Peretti continued to emphasize AI content generation as a core business strategy alongside these workforce reductions.