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The Washington Post has announced plans to lay off approximately 4% of its workforce, equating to fewer than 100 employees, as part of a cost-cutting initiative. These layoffs will primarily affect the business divisions and will not impact the newsroom.
REUTERS
This decision comes in response to financial challenges, including a reported loss of $77 million in 2023, attributed to declining digital readership and advertising revenue. In 2023, the company offered voluntary buyouts aiming to reduce staff by about 10%, reducing the newsroom to approximately 940 journalists.
REUTERS
Additionally, the newspaper's decision not to endorse a candidate in the 2024 U.S. presidential election led to over 200,000 digital subscription cancellations. Owner Jeff Bezos defended this stance, emphasizing the need to rebuild credibility amid perceptions of media bias.
These layoffs are part of a broader strategy to adapt to the evolving media landscape and build a more sustainable future for the publication.
REUTERS
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