As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,” Chief Executive Officer Jonah Peretti said in a memo to employees. “We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure.”
The cutbacks are part of a wave of media layoffs. Verizon Communications Inc. said earlier Wednesday that it would be cutting about 7 percent of its digital-media operations, a business that includes AOL, Yahoo and the Huffington Post. Gannett Inc. also has been laying off journalists from its collection of newspapers.
BuzzFeed, a pioneering site that spans hard news, personality quizzes and listicle-style features