round of furloughs and extended pay cuts, BuzzFeed CEO Jonah Peretti said that the company’s goal was to keep losses under $20 million, meaning that a number of cost-saving measures would need to be implemented.Also Read: Newsroom Layoffs Grew by 170%, Reaching Record Mid-Year High, Study Finds“The global economic downturn caused by the coronavirus pandemic has inflicted increasing negative impact on our business.