BuzzFeed and HuffPost to Lay Off 180 Staffers

In the first major restructuring move of Byron Allen‘s ownership tenure, BuzzFeed and HuffPost are set to undergo a significant round of layoffs, with some 180 staffers to be given pink slips, The Hollywood Reporter has learned. BuzzFeed and HuffPost together had approximately 510 employees prior to the cuts. “Today we are making important changes to BuzzFeed that are required to put our business on apath to profitable and sustainable growth,” read a memo from the company’s leadership to employees on Monday. Four months ago, in our March earnings call we stated a substantial doubt about the company’s ability to continue as a going concern.Fortunately after that public announcement, Byron Allen quickly stepped in and made an investment of approximately 26 million dollars into BuzzFeed to st