From a story on politico.com by Kierra Frazier headlined “BuzzFeed News to shut down”:

BuzzFeed News is shutting down, the company’s chief executive, Jonah Peretti, said.

Peretti said in a memo that the move is part of a 15 percent reduction in BuzzFeed’s workforce — about 180 employees.

“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 said. “As a result, we will engage with the News Guild about our cost reduction plans and what this will mean for the affected union members.”