NEW YORK, NY - DECEMBER 11: A BuzzFeed News logo adorns a wall inside BuzzFeed headquarters, December 11, 2018 in New York City. BuzzFeed is an American internet media and news company that was founded in 2006. According to a recent report in The New York Times, the company expects to surpass 300 million dollars in earnings for the 2018 fiscal year. Drew Angerer/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
WASHINGTON: BuzzFeed, one of the highest profile entertainment and news sites on the Internet, plans to cut 15% of its workforce, US media reports said Jan 23.
The cuts stand to affect between 200 to 250 jobs and come as the company is seeking to reinvest resources in more promising areas such as content licensing and e-commerce, The New York Times and Wall Street Journal reported.
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