BuzzFeed is laying off about 100 employees — about 6 percent of its workforce — after it failed to hit its 2017 revenue targets. And Greg Coleman, the longtime digital advertising executive who joined the company as its president in 2014, is moving out as well. BuzzFeed is looking for a chief operating officer to take on some of his duties.
The cuts come as digital publishers worry that most of the money online advertisers are spending is going to two companies: Google and Facebook. [ Recode ]