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Jaclyn Diaz

BuzzFeed shutters its newsroom as the company undergoes layoffs

BuzzFeed BuzzFeed News Jonah Peretti HuffPost

The logo of news website BuzzFeed in 2014. The company announced it was undergoing a 15% reduction in force and ending its news division. (Nicholas Kamm/AFP via Getty Images)

BuzzFeed is shutting down its Pulitzer Prize-winning news division as part of a 15% reduction in force across the company, BuzzFeed CEO and co-founder Jonah Peretti announced.

"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," Peretti wrote in the memo shared on Thursday via social media.

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