WaPo cuts 25 percent of employees at tech arm, Arc XP
The Washington Post laid off 54 employees from Arc XP, the division of the company that makes and sells publishing software to other media brands, as part of what a Post spokesperson called a “refined product vision,” reports The Post.
This vision, spokesperson Olivia Petersen said, includes AI-enhanced content creation, personalized user experience and advanced analytics for Arc XP’s thousands of clients around the world.
In an email to employees, Arc XP President Matt Monahan announced the layoffs, saying they were a “hard but necessary step” in the effort to create a “more sustainable business.”
According to The Post: “The layoffs come roughly a year after The Post laid off seven Arc XP employees as part of a smaller restructuring, and less than a year after The Post reduced its newsroom workforce by 240 people through a combination of buyouts and layoffs. The Arc XP employees are not part of the union that represents Post newspaper employees.”
More here.
