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Zorro

(16,596 posts)
Tue Jan 7, 2025, 01:29 PM Jan 7

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

14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Bernardo de La Paz

(51,822 posts)
1. They're already saving by squeezing out Ann Telnaes, and two top journalists
Tue Jan 7, 2025, 01:33 PM
Jan 7

Telnaes is cartooning elsewhere -- perhaps for Mark Cuban on Bluesky?

Two journalists left a week or so ago to go to The Atlantic.

Mme. Defarge

(8,591 posts)
4. No longer my concern.
Tue Jan 7, 2025, 01:35 PM
Jan 7

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.

eppur_se_muova

(37,888 posts)
6. "struggling to maintain a sustainable business model ... since" being bought out by a billionaire ...
Tue Jan 7, 2025, 03:32 PM
Jan 7

with lots of dollars and not much sense

Hassin Bin Sober

(26,812 posts)
11. Bought ($250 million) with change found in the couch cushions on his super yacht ($500 million $25million/year maint.)
Wed Jan 8, 2025, 10:24 AM
Jan 8

mpcamb

(2,986 posts)
7. Maybe they can get a MAGA audience to take Bezos place in political cartoons.
Tue Jan 7, 2025, 06:27 PM
Jan 7

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?

travelingthrulife

(1,148 posts)
10. More AI generated junk I suppose.
Wed Jan 8, 2025, 10:19 AM
Jan 8

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)
12. Do you suppose....
Wed Jan 8, 2025, 06:29 PM
Jan 8

...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)
13. WaPo is losing subscribers AND advertisers because of their terrible policies
Wed Jan 8, 2025, 08:08 PM
Jan 8

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)
14. Having been a victim of a newspaper layoff, I can only wish the best to those being laid off.
Wed Jan 8, 2025, 08:14 PM
Jan 8

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.

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