Project Veritas Suspends Operations, Lays Off Nearly All Staff Amid Leadership Turmoil and Financial Struggles

Project Veritas, known for undercover video stings, suspended all operations on Wednesday.

Additional layoffs announced in a letter from HR director, just 11 people remain on payroll.

Founder James O'Keefe was pushed out in February amid complaints about leadership and misconduct.

Organization struggled financially after O'Keefe's departure, laid off 25 employees in August.

CEO said in August meeting that organization is "devastating...We're bankrupt."