BuzzFeed news is shutting down as company cuts 15% staff ...Middle East

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BuzzFeed news is shutting down as company cuts 15% staff
LOS ANGELES: BuzzFeed News, which won a Pulitzer Prize for its reporting in 2021, is shutting down, German news agency (dpa) reported.A memo from BuzzFeed chief Jonah Peretti announced the closure of the once formidable unit Thursday. Peretti also said the New York-based media company is cutting 15 per cent of its staff.“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 organisation,“ Peretti said.Buzzfeed News, which once had as many as 250 employees, has undergone staff reductions in recent years and is currently down to 50 employees.Buzzfeed News earned a Pulitzer Prize in 2021 for an in

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