The Washington Post announced that it would lay off nearly 100 workers, or 4% of its employees, in an attempt to stop increasing losses, according to media reports.
The cuts will reportedly mainly affect employees on the business side of the popular American newspaper owned by Amazon founder Jeff Bezos.
This publication is among many media outlets struggling in the digital age as a growing number of online platforms compete for advertising revenue.
The layoffs, announced on Tuesday, come at a time when the company is experiencing turmoil after Bezos broke with tradition and… She blocked the endorsement of Vice President Kamala Harris Ahead of the US presidential elections next November.
In 2023, The Washington Post reported losses of $77m (£45m) and a decline in readership on its website. That same year, the newspaper announced it was offering workers voluntary buyouts in an effort to reduce headcount by 10%.
Mr. Bezos wrote an opinion piece Explaining that the ban on endorsements was necessary due to the growing public perception that “the media is biased.”
However, the newspaper said that 250,000 of its readers canceled their subscriptions in protest.
Since then, several prominent journalists, including investigative reporter Josh Dawsey, who confirmed to X that he would take a job at The Wall Street Journal, have also left the paper. The newspaper confirmed that managing editor Mattia Gold is joining the competing New York Times newspaper.
The apparent conflict between Bezos and the newspaper's top talent took a turn for the worse on Saturday when he won the Pulitzer Prize. Cartoonist Anne Tilnes said she was resigning From the Washington Post.
This came after the newspaper refused to publish a satirical cartoon showing Bezos and other businessmen kneeling in front of a statue of President-elect Donald Trump.
Last month, Bezos announced that Amazon would donate $1 million to Trump's inauguration fund and make an in-kind contribution of $1 million. Bezos also described Trump's re-election victory as an “extraordinary political comeback” and had dinner with him at the president-elect's Mar-a-Lago residence in Florida.
