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Even a fresh influx of cash couldn’t keep online entertainment network Buzz Media (formerly Buzznet) from cutting staff: the company told paidContent that it is laying off more than 20 percent of its team today, leaving it with roughly 75 employees. The layoffs come as Buzz Media puts the brakes on plans to launch new properties, and will primarily affect product developers, engineers, design and editorial. CEO Tyler Goldman said the sales team wasn’t impacted, and that Buzz Media was actually “looking to add in that area.”
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