The 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.
People enter The Washington Post's headquarters. The newspaper is cutting nearly 10% of its jobs through voluntary buyouts.People enter The Washington Post's headquarters. The newspaper is cutting nearly 10% of its jobs through voluntary buyouts.plans to cut 240 jobs, or almost 10% of its workforce, through voluntary buyouts, the company announced Tuesday.
Stonesifer said voluntary buyouts would be offered to employees in specific roles. She did not list which roles. "To be clear, we designed this program to reduce our workforce by approximately 240 employees in the hopes of averting more difficult actions such as layoffs – a situation we are united in trying to avoid," she said.this year. In January, it eliminated its Sunday magazine and a handful of jobs elsewhere in the company, which is owned by Amazon founder Jeff Bezos.
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