{"schema_version":"secwatch.filing_event.v1","accession":"0001828972-23-000062","form_type":"8-K","ticker":"BZFD","cik":"0001828972","company_name":"BuzzFeed, Inc.","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.954046+00:00","generated_at":"2026-06-16T22:42:49.113994+00:00","sec_items":["2.05","5.02","2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"BuzzFeed cuts 15% of workforce, shuts BuzzFeed News; estimates $7-11M in restructuring charges","bullets":["Workforce reduction of ~15% across all teams; BuzzFeed News closed as standalone brand; HuffPost remains.","Estimated restructuring charges of $7-11 million, primarily cash, recognized in Q2 2023.","COO Christian Baesler departs April 28; CRO Edgar Hernandez exits; President Marcela Martin leads revenue.","Q1 2023 revenue and Adjusted EBITDA in line with prior guidance; Q1 earnings call scheduled May 9."],"urls":{"canonical":"https://secwatch.observer/filing/0001828972-23-000062","json":"https://secwatch.observer/filing/0001828972-23-000062.json","markdown":"https://secwatch.observer/filing/0001828972-23-000062.md","text":"https://secwatch.observer/filing/0001828972-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000062/0001828972-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000062/bzfd-20230420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:42:49.113994+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54909aa810fb146b8811b4b5ad42f10e305885be","claim":"BuzzFeed, Inc. updated its the quarter ended March 31, 2023 guidance (reaffirmed).","evidence_excerpt":"The Company expects to announce revenue and Adjusted EBITDA for the quarter ended March 31, 2023 in line with the outlook provided on the Company's fourth quarter 2022 earnings conference call on March 13, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000062/0001828972-23-000062-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"6511c40b78","claim":"Christian Baesler departed as Chief Operating Officer at BuzzFeed, Inc..","evidence_excerpt":"Christian Baesler will be departing the Company, effective April 28, 2023, in order to pursue other opportunities outside of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000062/0001828972-23-000062-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departing"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"ee7dc0bb097d7cb90d8ffb0d256a65f94b58cd07","claim":"BuzzFeed, Inc. announced a restructuring with charges of $7 million to $11 million (approximately 15 percent reduction in the current workforce).","evidence_excerpt":"of providing, where required, WARN notice, and severance, including outplacement services and benefits continuation. We estimate that the foregoing charges will range between $7 million to $11 million, and we expect the charges will be recognized primarily in the second quarter of 2023, with the majority of such charges anticipated to be paid by the end of the","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000062/0001828972-23-000062-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$7 million to $11 million"},{"label":"Headcount","value":"approximately 15 percent reduction in the current workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}