BuzzFeed News shuts down as company conducts layoffs

Once a growing online source of news and information, BuzzFeed has stalled in recent months, with advertisers pulling back and revenue in decline. Despite numerous job cuts, the company has been unable to sustain a profit.

BuzzFeed will focus its news operations on HuffPost, which was acquired in 2020 and is profitable, and continue to operate its namesake website, along with the youth-oriented media business Complex, Tasty and First We Feast.

Marcela Martin, BuzzFeed’s president, will take over the responsibilities of chief revenue officer. The company will be offering roles elsewhere in the organization to a number of BuzzFeed News employees.