CORRECT: BuzzFeed Inc. Sees $4m Annual Savings on HuffPost Cuts

(Corrects to clarify the cuts were announced in January.)

BuzzFeed Inc. expects to save about $4 million a year pre-tax through the job cuts it announced at HuffPost in January.

• The job cuts of about 5% of BuzzFeed Inc.’s workforce were announced in January and completed on February 6, a BuzzFeed Inc. spokesperson said
  • A February 12 regulatory filing said the cuts were announced on February 6 and expected to be complete by the end of 1Q
• BuzzFeed Inc. sees charges of $1.8 million to $2 million, recognized and paid primarily in 1Q 2025
  • Most charges will result in cash ...