An American Internet media, news and entertainment company, BuzzFeed, has said it would lay off approximately 12% of its staff.
The development will see the digital news and entertainment conglomerate become the latest media company to consider laying off a part of its workforce over deteriorating economic situation.
Jonah Peretti, the company’s founder and chief executive, in a note to affected workers, confirmed the development, citing “a combination of worsening macroeconomic conditions” and changes in how people consume media.
