Buzzfeed Layoffs

America's free online news heavyweights, BuzzFeed and HuffPost, this week were rocked by a new wave of layoffs, a sign of an advertising-dependent economic model under threat.

BuzzFeed plans to eliminate 100 jobs, or about 8 percent of its workforce, according to a person familiar with the matter, as the online publisher feels the effects of an industry-wide slump in advertising.

America's free online news heavyweights, BuzzFeed and HuffPost, this week were rocked by a new wave of layoffs, a sign of an advertising-dependent economic model under threat.

BuzzFeed plans to eliminate 100 jobs, or about 8 percent of its workforce, according to a person familiar with the matter, as the online publisher feels the effects of an industry-wide slump in advertising.