The Washington Post plans to cut 240 jobs, or almost 10% of its workforce, through voluntary buyouts, the company announced Tuesday.
The Post had been “overly optimistic” about its growth in readership, subscriptions and ads for the past two years, interim CEO Patty Stonesifer wrote in an email to staff. “We are working to find ways to return our business to a healthier place in the coming year.”
Stonesifer said voluntary buyouts would be offered to employees in specific roles. She did not list which roles.
Hard disagree. Up until about 2 years ago, WaPo was one of the most fact-based and politically neutral traditional media outlets available. They were only slightly below AP on the media bias chart. Unfortunately they’ve gone downhill very quickly. I had to cancel my subscription earlier this year because they barely have any news content anymore. All the stories they promote on the front page are editorials.