BuzzFeed, an online news and entertainment site, is preparing to lay off 15% of its staff, according to multiple published reports Wednesday.
The move could affect as many as 250 people, The Wall Street Journal reported, citing unnamed sources.
The site is known for its listicles, quirky quizzes and more recently for its efforts in investigative journalism. The latter most recently included a bombshell report last Friday that President Trump instructed his former lawyer Michael Cohen to lie to Congress. The report was thrown into question when Special Prosecutor Robert Mueller's office took the unusual step of issuing a statement disputing the accuracy of the report.
Earlier Wednesday, Verizon Corp.'s (VZ - Get Report) media group disclosed that it's laying off about 800 employees. That's 7% of the total workforce at the division, which includes Yahoo Finance, TechCrunch, HuffPost and other popular media.