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Jonah Peretti

BuzzFeed to cut jobs, refocus advertising

NEW YORK: BuzzFeed said on Wednesday it was cutting an estimated 100 jobs as the news and entertainment website reorganizes its advertising efforts in the face of disappointing revenues. The cuts will be mainly in the business and advertising divisions in the US operations, with a number of editorial and business employees cut in Britain, a spokesman said, confirming an earlier report in the Wall Street Journal. The reductions represent around eight percent of its US workforce and less than six percent of BuzzFeed's…