The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts in the coming weeks. In an email to staff, interim CEO Patty Stonesifer cited overly optimistic growth projections made in recent years. She said that the buyouts would be offered to certain jobs and departments, but didn’t specify which ones yet. The incoming cuts — which are set to impact about 10% of The Post’s 2,500-person staff — arrive following previous, but smaller, reductions seen at the company not long
FILE - People walk by the One Franklin Square Building, home of The Washington Post newspaper, in downtown Washington on Feb. 21, 2019. The Washington Post plans to cut 240 jobs in the coming weeks through the offering of voluntary buyouts. In an email to staff, interim CEO Patty Stonesifer cited overly optimistic growth projections made in recent years. She said that the buyouts would be offered to certain jobs and departments, but didn’t specify which ones yet.
Stonesifer said that the buyouts would be offered to certain jobs and departments, but didn’t specify which ones. Eligible employees will be notified after an all-staff meeting Wednesday morning, she said, and can later choose to decline or accept the separation package in the coming weeks. Tuesday’s announcement came as a surprise. The Washington Post Guild, the union representing Post employees, wrote that it was “infuriated” by the decision and “concerned for our dedicated, brilliant colleagues.”
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Washington Post Announces Plans To Cut 240 Jobs Through BuyoutsShruti Rajkumar is a reporter at HuffPost, covering breaking news, politics, race and disability.
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'The Washington Post' will cut 240 jobs through voluntary buyoutsThe Washington Post plans to cut 240 jobs, or almost 10% of its workforce, through voluntary buyouts to avoid layoffs. Leaders said they had been 'overly optimistic' about growth.
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2023 Layoff Tracker: Washington Post Cuts 240 PositionsI am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushardforbes.com
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Washington Post will offer buyouts to cut staff by 240The staff reductions come as Washington Post leaders determined that recent revenue projections were overly optimistic.
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