Media group says it will be ‘more profitable, more nimble’ after offloading Complex at a discount and implementing a restructure
BuzzFeed announced plans to lay off dozens of employees after offloading Complex Networks at a significant discount.
The struggling digital media group, which also owns HuffPost, said it would reduce its remaining workforce by 16% as part of a strategic restructuring. This will save the firm about $23m a year, it said.
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