Washington Post to lay off 4% of staff to cut costs

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Hume

Verified User
Jan 7 (Reuters) - The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.

The newspaper, owned by Amazon.com (AMZN.O), opens new tab founder Jeff Bezos, is among many news outlets struggling to maintain a sustainable business model in the decades since the internet upended the economics of journalism and caused a sharp decline in digital advertising rates.

 
Hume said:
Jan 7 (Reuters) - The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.

The newspaper, owned by Amazon.com (AMZN.O), opens new tab founder Jeff Bezos, is among many news outlets struggling to maintain a sustainable business model in the decades since the internet upended the economics of journalism and caused a sharp decline in digital advertising rates.

Click to expand...
Oh course because just like the but it's bird cage carpeting
 
Hume said:
Jan 7 (Reuters) - The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.

The newspaper, owned by Amazon.com (AMZN.O), opens new tab founder Jeff Bezos, is among many news outlets struggling to maintain a sustainable business model in the decades since the internet upended the economics of journalism and caused a sharp decline in digital advertising rates.

Click to expand...
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