BuzzFeed Cuts Staff and News Division

BuzzFeed is shutting down its news division as part of an effort to cut 15% of its workforce, affecting 180 people across the company's business, content, tech, and administrative teams. The company's founder, Jonah Peretti, said he "made the decision to overinvest" in BuzzFeed's news division because he loved the work it produced but acknowledged that he had been slow to accept that social media platforms would not provide the financial support needed to make Buzzfeed News profitable. BuzzFeed will continue to publish news on HuffPost, which Mr. Peretti said in his memo was profitable and less dependent on social platforms.