Page 16 - Complex Networks News Today

Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions

Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions

Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.

To cut expenses, media giant BuzzFeed is going through another round of layoffs, and staffers have already begun receiving the bad news.

BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.

Prompted by its falling valuation, Press Gazette pieced together a longer look at the publisher's revenues, engagement and costs.

Fashion designers, activists, entertainers and athletes like Russel Westbrook and Austin Ekeler descended upon Long Beach

Time spent on Buzzfeed's on and off-site platforms tumbled a third year-on-year - while costs rose the same amount - according to its Q3 2022 results.

Four theories, involving Apple, Facebook, the pandemic and structural changes.

From canvassing music festivals to launching ComplexCon.