Getty Images/Michael Kovac BuzzFeed CEO Jonah Peretti admits the company "invested more than we should have earlier than we should have" in the UK. The NBCUniversal-backed firm made 39 British staff redundant in January, 23 of whom worked in the newsroom. A further 60 lost their jobs in the US. The job cuts were quick and clean, as staff left with what a source described as "extremely generous" redundancy packages. The upheaval is not over, however, and Business Insider understands that the company is looking to vacate its swanky London offices because they are too expensive. Despite the difficulties, BuzzFeed's reporting has still set the agenda in January. Late last week, BuzzFeed CEO Jonah Peretti admitted that his company overreached in its mission to figure out the future of journalism in the UK.

 

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