Online media firm Buzzfeed is to close its news operations in the UK and Australia.
The American company, which set up its London office in 2013, said the decision was made “for both economic and strategic reasons”.
Buzzfeed said he would focus on news that “hits the US hard during this difficult time.”
Some staff will remain to cover social news, celebrities and surveys, but it is believed that around 10 jobs are affected.
BBC News editor-in-chief Amol Rajan said the affected British staff had been put on leave.
He added that the title “had done a remarkable job” and its closure showed that the coronavirus crisis had “claimed a high-caliber journalistic institution”.
Buzzfeed News had been a “strong, powerful and important voice” in British journalism and its decision was due to pressure on the business model supported by the company’s advertising, not its work, added our correspondent.
Buzzfeed UK political editor Alex Wickham tweeted: “So incredibly proud of the BuzzFeed UK team, which has gone so far beyond its weight and has done some really incredible journalism. “
Honoring Colleagues, Editor-in-Chief Alan White published that “the amount of talent in this office was unreal”.
Political correspondent Hannah Al-Othman tweeted she had “three absolutely brilliant years” in the title. “This is the best job I have ever had, and there will probably never be a better one,” she added.
Guardian Marina Hyde wrote that she had been “informed and made to laugh so many times a day by their brilliant, idiosyncratic and dedicated staff.”
A Buzzfeed UK investigation into 14 mysterious deaths allegedly linked to Russia was nominated for the Pulitzer Prize in 2017.
Earlier this month, the site was also the first to report on the seven drafts of government documents that outlined proposals to ease the coronavirus lock-up in the UK.
Buzzfeed said in a press release that it was still investing heavily in its press business and would spend about $ 10 million (£ 8.05 million) more than what it reported from operations this year, and about $ 6 million more in 2021.
He added, “We will consult with employees on our plans for leave and layoffs.”