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BuzzFeed News Shuts Down, Citing Lack of Profitability

HeadlineApr 21, 2023

BuzzFeed News is shutting down. The announcement was made by BuzzFeed CEO and co-founder Jonah Peretti in an email to staff, where he said the company is laying off 15% of its employees across multiple divisions. HuffPost, which BuzzFeed acquired in 2020, will now be the company’s sole news brand. This came on the same day the digital news media company Insider said it would cut 10% of its workforce.

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