• BuzzFeed News is shutting down.
• In an email to staff shared with NBC News, BuzzFeed CEO Jonah Peretti said the move was part of a 15% workforce reduction across a number of teams.
• “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,” he wrote.
• Peretti said he had “overinvest[ed] in BuzzFeed News “because I love their work and mission so much.”

Tagged: Media