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BuzzFeed Lays Off Nearly 70% of Furloughed Staff

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round of furloughs and extended pay cuts, BuzzFeed CEO Jonah Peretti said that the company’s goal was to keep losses under $20 million, meaning that a number of cost-saving measures would need to be implemented.Also Read: Newsroom Layoffs Grew by 170%, Reaching Record Mid-Year High, Study Finds“The global economic downturn caused by the coronavirus pandemic has inflicted increasing negative impact on our business.

In recent weeks, we have been confronted with even greater revenue declines than expected,” Peretti wrote in an email to staff.

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