Media Mogul Byron Allen Cuts 35% Of BuzzFeed Staff

Byron Allen, chairman and chief executive officer of Allen Media Group, on Oct. 12, 2023. (Photo by Kyle Grillot/Bloomberg via Getty Images)
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The layoffs mark Byron Allen’s first major restructuring since acquiring a controlling stake in BuzzFeed.

by Selena Hill

Less than two months after taking control of BuzzFeed, media entrepreneur Byron Allen is making one of his biggest moves yet.

BuzzFeed announced it will eliminate approximately 35% of its workforce, impacting about 180 employees and contractors across BuzzFeed, HuffPost, and Tasty. The restructuring represents Allen’s first major operational overhaul since acquiring a controlling stake in the legacy digital media company in a $120 million deal and being appointed as chairman and CEO. BuzzFeed Founder Jonah Peretti has since been named president of BuzzFeed AI, reports Deadline.

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