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BuzzFeed Shutters News Operation; Insider Cuts 10% of Staff

BuzzFeed headquarters in New York City. 

BuzzFeed headquarters in New York City. 

Photographer: Drew Angerer/Getty Images
Updated on

BuzzFeed Inc. is shutting its news operation, and business-news publisher Insider Inc. is cutting about 10% of its staff in the latest retrenchments for the digital-media business.

BuzzFeed Chief Operating Officer Christian Baesler and Chief Revenue Officer Edgar Hernandez are leaving as part of the cutbacks, Chief Executive Officer Jonah Peretti said Thursday in a memo to staff. About 180 positions are being eliminated there.