BuzzFeed approves 35% workforce reduction; expects $6.5M-$8.5M restructuring charges

BuzzFeed, Inc.

Board approved ~35% reduction in workforce and dedicated contractors across geographies and functions.
Restructuring charges estimated at $6.5M to $8.5M, primarily in Q3 2026; cash payments by end of Q4 2026.
Annualized savings of $29M to $32M expected beginning in Q3 2026.
Plan aims to streamline structure, optimize expenses, and advance path to profitability and positive cash flow.

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