Gannett, CNN, the Los Angeles Times and BuzzFeed also experienced widespread cuts while Gawker and BuzzFeed News shuttered entirely. Earlier this year, NPR and Vox Media cut their staffs by 10% and nearly 7% respectively. While the Post has certainly seen a lot of contraction, they join many other media companies that have been hit financially hard in recent years. The New York Times also reported back in July that the Post was on track to “lose about $100m in 2023, according to two people with knowledge of the company’s finances”. Those layoffs affected various desks at the Post, eradicating the newspaper’s gaming vertical, Launcher, and its section for children, aptly titled KidsPost. “We believe these steps will ultimately help us to fulfill our mission to scrutinize power and empower readers.” “While such changes are not easy, evolution is necessary for us to stay competitive, and the economic climate has guided our decision to act now,” Sally Buzbee, the executive editor of the Post, said in January. In a statement, a spokesperson for the Post told reporter Laura Wagner that move was part of “organizational changes” intended to support the unit’s future growth “by focusing on the areas most critical to our customers and the market”.Įight months before this, the company conducted layoffs that resulted in 20 people losing their jobs and the announcement that the company would not be filling 30 open roles. ![]() News of the buyouts comes less than two months after the company quietly laid off seven staffers from Arc XP, a tech division devoted to cloud-based publishing software. It is unclear how many of the more than 1,000 people who are part of the newsroom will be affected. “Our prior projections for traffic, subscriptions and advertising growth for the past two years – and into 2024 – have been overly optimistic,” Stonesifer wrote, adding: “The urgent need to invest in our top growth priorities brought us to the difficult conclusion that we need to adjust our cost structure now.”Ī newsroom-wide meeting to discuss the buyouts and whom they will affect is slated for 10am on Wednesday.
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