Buzzfeed News Will Shut Down

BuzzFeed News is shutting down, the company announced Thursday. The move, which was confirmed by BuzzFeed Chief Executive Jonah Peretti in a memo to staff, is part of a 15% reduction in BuzzFeed’s workforce. “While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization,” Peretti said.

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