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Jaclyn Diaz

FORGOTTEN HISTORY: Buzzfeed shutters its newsroom as the company undergoes layoffs - Caught on Camera

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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