Washington Post confirms layoffs after leaked video of tense town hall

  • 📰 axios
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Following leaked video of a tense town hall, Washington Post publisher and CEO Fred Ryan confirmed in an email to staff that the company plans to cut part of its workforce early next year.

A number of the Post's star reporters — including Josh Dawsey, Ashley Parker, Tyler Pager and Shane Harris — decided to join the paper's union after the town hall, according to reports that were confirmed by Axios.They're expected to hit the newsroom, which has nearly doubled to over 1,000 during his eight years as CEO.

Ryan implied the cuts would be at least partly offset by new roles: "We expect that, at this time next year, our newsroom will be as large as it is now — if not larger."Three longtime C-suite executivesthis year. Steve Ginsberg, a managing editor, left last month to join The Athletic as executive editor.

The company isn't expected to turn a profit this year, according to three sources familiar with its finances, mostly due to planned investments. The paper hired aggressively this year across new focus areas, including wellness and climate. Like most media firms, the Post's ad business is being hurt by an ad-market slowdown. The company has lost subscribers in the past two years, and now has

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is terrible. Who else is going to publish articles about the lack of black soccer players on the Argentine national team?

Coding schools about to fill up.

Can’t they just learn to code? Problem solved.

Democracy dies in greed

CEO Fred Ryan should cut his own salary so the reporters and other workers at the paper who actually work can keep their jobs. 🤷🏻‍♂️

“Democracy dies when we don’t have a foil to scare our readers with or a national crises to lie to them about.”

As usual. Don’t try to get new customers just layoff people

Jeff Bezos, the owner, has a net worth of $116 billion dollars

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Washington Post will conduct layoffs, its publisher says at contentious town hall | CNN BusinessThe Washington Post will conduct layoffs in the coming year as it reorients itself for the future and reinvests in other areas, publisher Fred Ryan told startled staffers in a contentious town hall Wednesday, according to people familiar with the matter. Lol fire those that are going to compromise your efforts to manipulate and do more fake reporting please and thank you
Source: CNN - 🏆 4. / 95 Read more »