The Washington Post announced layoffs affecting 100 employees in its business division, reflecting the newspaper's ongoing financial difficulties. The cuts follow subscriber cancellations and staff dissatisfaction related to owner Jeff Bezos' decision to block an endorsement of Vice President Kamala Harris.
File photo: In the days after Jeff Bezos blocked the Kamala Harris endorsement, more than 250,000 Post readers canceled their subscriptions, roughly 10% of the paper’s digital subscribers.The Washington Post on Tuesday laid off roughly 100 employees across its business division, the latest indication of the newspaper’s financial woes after subscribers and staffers revolted over owner Jeff Bezos ’s decision to block an endorsement of Vice President Kamala Harris.
The cuts amounted to roughly 4% of the publication’s staff and did not affect the newsroom, a spokesperson for the Post said. The news, which was in the Status newsletter, comes as the beleaguered newspaper has hemorrhaged several high-profile journalists in recent weeks and top candidates pulled out of the running for the Post’s executive editor job. “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 told CNN. “Changes across our business functions are all in service of our greater goal to best position The Post for the future.” The Post’s financial woes are nothing new. When Will Lewis, the Post’s publisher and chief executive, was named to the top job in, the storied paper was already reeling from the layoffs, readership decline, and high expenses that have hounded the entire industry. Yet, the extent to which the Post’s coffers had been sapped became apparent in“To speak candidly,” Lewis said in a May meeting, “we are in a hole, and we have been for some time.” While Lewis offered a plan to right the ship at the time, the Post has since waded into deeper waters. Less than two weeks before the November election, Bezos, the billionaire Amazon founder who acquired the Post in 2013 for $250 million,Speaking with Andrew Ross Sorkin at the Times’ DealBook Summit, Bezos said “it was the right decision,” adding that he was “proud” of the choic
WASHINGTON POST LAYOFFS FINANCIAL WOES JEFF BEZOS SUBSCRIBER CANCELATIONS
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