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The Guardian - US
The Guardian - US
Business
Jim Waterson and Maya Yang

BuzzFeed News to close and parent company to make substantial layoffs

BuzzFeed BuzzFeed News Jonah Peretti
BuzzFeed employees at work in New York. Peretti suggested that there may not be a sustainable business model for high-quality online news.
BuzzFeed employees at work in New York. Peretti suggested that there may not be a sustainable business model for high-quality online news. Photograph: Brendan McDermid/Reuters

BuzzFeed is shutting down what remains of its award-winning news department, signalling the end of an era for a website that once promised to upend the industry.

Founder Jonah Peretti told staff on Thursday that “the company can no longer continue to fund BuzzFeed News” and would be looking to make substantial redundancies across the company.

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