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Washington Post Reduces Workforce by 4% Amidst Financial Challenges

share-iconTuesday, January 07 comment-icon3 weeks ago 9 views
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nytimesNYTIMES
Washington Post Reduces Workforce by 4% Amidst Financial Challenges

Credited from: NYTIMES

  • The Washington Post has begun laying off approximately 4 percent of its workforce, affecting fewer than 100 employees.
  • The layoffs involve teams in advertising sales, marketing, and information technology, but will not impact the newsroom.
  • These reductions are part of a broader strategy to adapt to changing business conditions and address millions in annual losses.
  • The company reported a $77 million loss in 2023, highlighting challenges in the digital subscription market.
  • The Post has seen turmoil under publisher Will Lewis, including leadership changes and a decline in digital audience since 2020.

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