The Washington Post announces layoffs
The Washington Post began to lay off some staffers on Tuesday, the latest in a series of media and technology companies to cut jobs in the face of a challenging economic climate and continuing declines in advertising revenue and readership, reports The Washington Post.
The Post is eliminating 20 positions and not filling another 30 vacancies, a figure less extensive than many had expected. In mid-December, publisher Fred Ryan told staff that the company would eliminate a “single-digit percentage” of its 2,500-person staff because it “cannot keep investing resources in initiatives that do not meet our customers’ needs.”
Meanwhile, the company will continue to hire new personnel in other roles, and Ryan has said that even with the layoffs, The Post’s overall head count will remain the same or higher by the end of 2023, said The Post.
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