BuzzFeed News is shutting down as part of broader cuts at BuzzFeed that sent its stock price tumbling.
The digital media company has struggled financially since its 2021 IPO.
BuzzFeed is shutting down BuzzFeed News along with making layoffs of 15% in divisions across the organization, according to a memo shared with Insider.
Two top BuzzFeed execs, Christian Baesler, COO, and Edgar Hernandez, CRO, are leaving the company as well.
A handful of top execs from BuzzFeed's Complex Networks left as part of that round, including Complex's president, Justin Killion.