(CTN News) – According to people familiar with the matter, the Washington Post on Tuesday became the latest media company to layoff employees.
This is a move publisher Fred Ryan had previously indicated the paper would implement in early 2023.
It was not immediately clear how many employees were affected by the cuts. It was not immediately possible to obtain a response from the newspaper's spokesperson.
As Ryan announced at the time, The Washington Post anticipated layoffs would be in the " single digit percentage " of its workforce. As a result of the layoffs, the Post does not expect a net reduction in its workforce, since it will invest in other areas.
According to a note obtained, the Washington Washington Post Guild told members on Tuesday that the number of people affected was still unknown, but it had "good reason to believe that the number of individuals affected is far smaller than what Fred Ryan initially alluded to" in December.
The Guild said it believes any job cuts right now – during a time of growth and expansion – are unacceptable. "To our colleagues affected today, we're sorry, and we're here for you."
"Today is a hard day for all of us," the Guild said. The Post's irresponsible and illogical decision making left us devastated for our colleagues. We're not done fighting or standing up for each other."
Ryan and Sally Buzbee met with The Post's owner, Jeff Bezos, days before the layoffs.
Several employees at The Washington Post told that Ryan's announcement about future layoffs sparked fury inside the newsroom. "It's really grim," a staffer told. There's a lot of rage right now. That's bad. It's just terrible."
The Washington Post chief communications officer Kathy Baird said layoffs were necessary as the newspaper evolves and transforms so that it can grow in the future.
The company plans to direct its resources and invest in coverage, products, and employees. This will enable it to provide high value to its subscribers and new audiences, Baird stated at the time.
As advertisers tighten spending amid economic uncertainty, the media and technology sectors have been hit hard.
Layoffs have been widespread throughout the news industry. NBC News, MSNBC, Vox Media, Gannett, and other news organizations have reduced their workforces in recent months.
A number of companies have taken strong measures to reduce expenditures that have not resulted in layoffs.
On Monday, Spotify revealed the layoff of hundreds of employees. Google announced layoffs last week, joining technology giants Meta, Amazon, and Microsoft.
The company announced it had decided to eliminate approximately 12,000 jobs, or 6% of its workforce.
Several entertainment giants, including Warner Bros. The workforces of Discovery ( parent company) and Paramount Global have also been reduced.
Who is the audience of the Washington Post?
Audience composition can reveal a site's current market share across various audiences. washingtonpost.com's audience is 59.61% male and 40.39% female . The largest age group of visitors are 25 – 34 year olds (Desktop).
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