Washington Post Lays Off Business Staff Amid Low Morale and Financial Losses

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BUSINESS اخبار

LAYOFFS,WASHINGTON POST,FINANCIAL LOSSES

The Washington Post has laid off a portion of its business staff, but the newsroom remains unaffected. The layoffs come as the newspaper faces financial challenges, including subscriber losses and declining traffic.

The Washington Post began laying off a chunk of its workforce on Tuesday, cutting figures on the business side of the company. The cuts did not affect the newsroom. About 4% of the company, or less than 100 people, will be laid off across its business divisions, Fox News Digital has learned. The layoffs, beginning Tuesday, were first reported by the New York Times.

'The Washington Post is continuing its transformation to meet the needs of the industry, build a more sustainable future and reach audiences where they are,' a Post spokesperson said. 'Changes across our business functions are all in service of our greater goal to best position The Post for the future.' A source familiar with the matter told Fox News Digital earlier this week that, while newsroom staffers were exempted from the forthcoming layoffs, 'morale is just horrible' under publisher Will Lewis due to an exodus of talent leaving for jobs at different outlets, as well as heavy financial losses and dwindling traffic. The layoffs come one year after The Post implemented mass buyouts. It was reported that 240 staffers took exit packages, preventing a round of layoffs at the time. It was reported last fall that The Post was on pace to lose $77 million in 2024, and that estimate came before the paper shed a jarring 250,000 subscribers as part of the liberal outrage over the paper's move to not endorse a presidential candidate in the election, a decision made by its billionaire owner Jeff Bezos. The Post editorial board had been set, to no one's surprise, to endorse Vice President Kamala Harris before Bezos intervened. Since it began offering White House endorsements in 1976, the paper has backed the Democratic candidate in every race except 1988, when it didn't endorse anyone

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