Let the layoffs begin.
One week after billionaire owner Jeff Bezos’ visit to The Washington Post’s newsroom to meet with top editorial staff, WaPo employees are getting the boot; the company is expected to lay off 20 journalists and not fill another 30 vacancies, according to The New York Post.
“I’m delighted to be here and see all of these faces,” Bezos reportedly said during last week’s meeting. “Thanks for letting me listen in.”
From The New York Post:
The culling of the 2,500-person staff comes weeks after publisher Fred Ryan announced the impending layoffs. Ryan vowed Tuesday the paper’s headcount will remain the same or higher by the end of 2023, the outlet reported.
The Washington Post Guild, the union representing staffers, blasted the layoffs.
“We believe any job eliminations right now — at a time of continued growth and expansion — are unacceptable,” the guild wrote in a message to its members.
Since Bezos bought the Washington Post in 2013 for $250 million, the newspaper has turned a profit every year. But the subscription boom that the newspaper enjoyed during the Trump years has faded and revenue fell in 2021, according to the New York Times.
During Bezos’ appearance at the newspaper’s offices, guild members accosted him and demanded answers about reports of the impending layoffs.
More over at The New York Post:
— New York Post (@nypost) January 24, 2023