After 11 years of high-profile scoops and multiple nods from the Pulitzer Prizes, BuzzFeed News will close, BuzzFeed CEO Jonah Peretti announced Thursday.
The company will also lay off roughly 15% of its total workforce, representing approximately 180 people. Peretti shared the news in a memo to staff, stating that the cuts will affect nearly every division of the company and are a consequence of recent financial challenges.
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