---
title: "New owner Byron Allen cuts around 180 employees at BuzzFeed, reducing staff by a third to minimize financial losses."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293993234.md"
description: "Byron Allen, the newly appointed owner of the company, is undertaking a workforce reduction by letting go of around 180 employees in a strategic move to mitigate financial losses."
datetime: "2026-07-28T01:16:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293993234.md)
  - [en](https://longbridge.com/en/news/293993234.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293993234.md)
generator: "portal-rs"
---

# New owner Byron Allen cuts around 180 employees at BuzzFeed, reducing staff by a third to minimize financial losses.

Byron Allen, the newly appointed owner of the company, is undertaking a workforce reduction by letting go of around 180 employees in a strategic move to mitigate financial losses.

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## Related News & Research

- [BuzzFeed sells 1,700,000 Class A shares to Allen Family Digital for $1.8 million in private placement](https://longbridge.com/en/news/299230842.md)
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- [BuzzFeed, Inc. First Quarter 2026 Financial Results Release Rescheduled to Monday, May 11, 2026 | BZFD Stock News](https://longbridge.com/en/news/285445808.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**