BuzzFeed (BZFD) is shutting down its news division as part of wider company layoffs.
According to an internal memo obtained by Yahoo Finance, the company said the shutdown is part of layoffs that will impact 15% of staffers, or about 180 employees, in order to make the business "more agile and focused." As part of that effort, the company will also be reducing budgets, open roles, real estate, and most other non-revenue generating expenditures.
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