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Buzzfeed UK Faces Imminent Collapse
Buzzfeed UK is facing imminent collapse with over a third of its staff being made redundant amid falling revenues and audience figures.
Staff were told on Thursday that Buzzfeed would be cutting at least 45 roles as the disreputable outlet massively downsize the operation in the hope of saving it from bankruptcy.
Telegraph.co.uk reports: Of the 76 journalists at the bureau, 23 are said to be facing redundancy.
It comes just over a week after Buzzfeed tabled plans to cut around 20 roles in London, out of a global reduction of 100.
At the time, staff were told that the organisation was looking to bring in new commercial staff with wider experience.
Update: Staff representatives have just briefed BuzzFeed UK staff on management proposal for redundancies. Management proposes cutting 45 roles (business and editorial) from 140 staff.
— Mark Di Stefano
