BuzzFeedNews, which earned a reputation as a scrappy and scoop-driven digital rival to legacymediabrands, is shutting down.
He said that some BuzzFeed employees may find roles at HuffPost and BuzzFeed.com.
Parent company BuzzFeed bought HuffPost from Verizon Media in 2020.
Other legacy brands, including CNN and NPR, also have undergone significant layoffs in the past six months.
Peretti also announced that chief revenue officer Edgar Hernandez and chief operating officer Christian Baesler were departing the company.
Marcela Martin, BuzzFeeds president, will take on the revenue functions.
Rich Reid will oversee international sales as head of international and head of studio.
The company plans to report its first-quarter earnings on May 9.
