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BuzzFeed Expects to Break Even After $30 Million in Cuts

Photo by: The Wrap

After a tumultuous year of layoffs , pay reductions and other cost-cutting measures totaling under $30 million, BuzzFeed is expected to break even for the first time in six years. “In the second quarter we were staring at the abyss, but while there is still a lot of uncertainty, we saw a strong rebound in the third quarter and now things are looking pretty good,” Buzzfeed CEO Jonah Peretti said...

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