Washington Post to lay off 4% of staff to cut costs
Source: Reuters via Yahoo Finance
The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.
The newspaper is making changes across several business functions, a spokesperson said, while suggesting the job cuts will not impact its newsroom.
The newspaper, owned by Amazon.com founder Jeff Bezos, is among many news outlets struggling to maintain a sustainable business model in the decades since the internet upended the economics of journalism and caused a sharp decline in digital advertising rates.
The Post has seen a decline its digital readership and reported a $77 million loss in 2023.
Read more: https://finance.yahoo.com/news/washington-post-lay-off-4-182028857.html
Bernardo de La Paz
(51,822 posts)Telnaes is cartooning elsewhere -- perhaps for Mark Cuban on Bluesky?
Two journalists left a week or so ago to go to The Atlantic.
C_U_L8R
(45,853 posts)but a fish definitely rots from the head.
JohnSJ
(96,955 posts)Mme. Defarge
(8,591 posts)I now get most of my news from The Guardian and The Atlantic. The Atlantic is broadening its political coverage and has already hired a number of journalists from The Washington Post.
mdbl
(5,562 posts)eppur_se_muova
(37,888 posts)with lots of dollars and not much sense
mpcamb
(2,986 posts)Hassin Bin Sober
(26,812 posts)mpcamb
(2,986 posts)He could keep the $ rolling in with MAGAs with protruding tongues behind trump.
Or maybe merge with the fish-wrap Washington Times. (sarcasm thingy)
My subscription is hanging by a thread... where to go for decent daily national news?
City Lights
(25,483 posts)I despise him.
travelingthrulife
(1,148 posts)I had to work with an AI customer service bot. It asked for my phone number. I typed the phone number in 4 separate times (with hyphens, without hyphens, with '1' prefix, without, etc) and each time it said it could not understand my response. How is this degree of error possible?
And people want this driving their cars?
RussBLib
(9,744 posts)...that the WaPo will document and count Trump lies like they did in his first term? 30,000+.
I'd say, no fucking way. That's probably involved in Bezos' ass-kissing.
https://russblib.blogspot.com/?m=1
FakeNoose
(36,220 posts)When will they wake up and realize it's all their fault?
There's no reason for WaPo or any other newspaper to echo Chump's constant lies.
ificandream
(10,904 posts)Even if you have a quarrel with the Post, these employees shouldn't be lumped in with those quarrels. It's likely they had nothing to do with the recent problems.
And I certainly hope the Post treated their ex-employees better than I got treated.