https://www.cnbc.com/2019/01/23/buzzfeed-to-cut-overall-workforce-by-15percent-source.html

BuzzFeed plans to lay off 15 percent of its workforce, roughly 220 employees, a person familiar with the matter told CNBC.

The cuts will be made across the company as the media company seeks to reduce costs without needing to raise funding, according to an internal memo from CEO Jonah Peretti. He said that while BuzzFeed has been diversifying its revenue and growing its business by double digits, "revenue growth by itself isn't enough to be successful in the long run."