# BuzzFeed to Lay Off 35% of Staff After Byron Allen Takeover

BuzzFeed announced it will lay off 35% of its workforce following its acquisition by media mogul Byron Allen's company. The cuts are part of a restructuring aimed at making the digital publisher profitable amid declining advertising revenue. This highlights the ongoing challenges in the digital media industry as traditional online publishers struggle to adapt.

**Importance:** 4/5

## Sources

### Entertainment
- [Variety](https://variety.com/2026/digital/news/buzzfeed-layoffs-employees-byron-allen-acquires-company-1236822122/) — Mon, 27 Jul 2026 20:36:50 +0000