https://apnews.com/fde42f98d4bb4ad597b9d8b5c9f096d8

NEW YORK (AP) — Digital media company BuzzFeed is cutting 15 percent of its jobs, or about 200 people, to trim costs and become profitable.

BuzzFeed CEO Jonah Peretti wrote employees Wednesday that the layoffs will help BuzzFeed avoid having to raise money from investors again.