BuzzFeed Laying Off 35% of Its Employees After Byron Allen Takes Over Company

BuzzFeed is reducing its workforce by approximately 35%, affecting both employees and contractors. This staff reduction marks the first restructuring since entrepreneur and comedian Byron Allen acquired a controlling ownership stake in the digital media company. The company disclosed that these layoffs are intended to advance its strategic path forward following the takeover. The move represents a significant shift in the organization's operational structure under the new leadership of Byron Allen's ownership.