BuzzFeed Lays Off 50 After Pandemic Hurts Lucrative Ad Deals

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BuzzFeed Inc. laid off 50 of the 74 employees who were furloughed this spring as the digital media company struggles to replace lost revenue during the pandemic.

The cuts include 10 employees in BuzzFeed’s news division, as well as staff involved with its studio, sales and administration, the company said.

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