BuzzFeed News , CEO Says the Outlet , Will Close Down .<br />On April 20, BuzzFeed News announced <br />that the once-iconic media brand <br />will be shutting down. .<br />The Daily Beast reports that CEO <br />Jonah Peretti made the announcement <br />in a company-wide memo. .<br />We are reducing our workforce <br />by approximately 15% today across <br />our Business, Content, Tech <br />and Admin teams, and beginning <br />the process of closing BuzzFeed News, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.<br />We are reducing our workforce <br />by approximately 15% today across <br />our Business, Content, Tech <br />and Admin teams, and beginning <br />the process of closing BuzzFeed News, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.<br />The memo also revealed that the company’s <br />CRO, Edgar Hernandez, and COO Christian Baesler <br />would be exiting BuzzFeed in the next few weeks.<br />The memo also revealed that the company’s <br />CRO, Edgar Hernandez, and COO Christian Baesler <br />would be exiting BuzzFeed in the next few weeks.<br />The Daily Beast reports that the news <br />comes just months after BuzzFeed <br />laid off 12% of its workforce. .<br />That round of layoffs came nine months <br />after Peretti sacked the editor-in-chief and bought <br />out a majority of BuzzFeed News' staff.<br />According to Peretti, the company <br />will be focusing on artificial <br />intelligence going forward. .<br />We will empower our editorial teams <br />at all of our brands to do the very best <br />creative work and build an interface <br />where that work can be repacked and <br />brought to advertisers more effectively, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.<br />And we will bring more innovation <br />to clients in the form of creators, AI, <br />and cultural moments that can only <br />happen across BuzzFeed, Complex, <br />HuffPost, Tasty and First We Feast, Jonah Peretti, BuzzFeed News CEO, via The Daily Beast.<br />The BuzzFeed announcement comes on the same <br />day that another digital media outlet, Insider, <br />announced a 10% reduction of its workforce
