Report: BuzzFeed to Layoff 12% of Workforce

(Reuters)—Online media company BuzzFeed Inc said on Tuesday it will cut about 12% of its workforce, in a bid to reduce costs.

As of Dec. 31, BuzzFeed had 1,522 employees across six countries, according to a regulatory filing.

(Reporting by Eva Mathews in Bengaluru; Editing by Anil D’Silva)