BuzzFeed is cutting about 35% of its workforce, roughly 180 jobs across BuzzFeed, HuffPost and Tasty, as new majority owner Byron Allen moves to overhaul the struggling digital media company. The layoffs, disclosed in a Monday SEC filing, are intended to push BuzzFeed towards profitability and positive cash flow by streamlining operations and cutting costs, following Allen Media Group's completion of its deal for a 51% stake in BuzzFeed in late May.

BuzzFeed expects to incur $6.5 million to $8.5 million in charges tied to the cuts, mostly in the third quarter of 2026, but anticipates annualised savings of $29 million to $32 million as a result. The company had 507 employees across five countries as of the end of 2025. Allen, who also chairs Allen Media Group and its stable of broadcast stations and cable networks, paid $120 million for control of BuzzFeed and has said he plans to fold BuzzFeed and HuffPost into a free ad-supported streaming platform, combined with his Local Now service, that he hopes will eventually rival YouTube.