BuzzFeed News Shutting Down; Sacking 180 Employees; Two Top Execs Leaving

The CEO of BuzzFeed, Jonah Peretti, has announced that BuzzFeed News is shutting down. Peretti said the media organization has been operating at a loss for several years and that it is winding down operations. In a memo to employees, the CEO said 180 staffers or 15% of the company’s employees will also have to leave

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