The Washington Post, which has lost 500k subscribers in the past year, has announced layoffs are coming to the paper. The meeting didn’t go well. pic.twitter.com/hOoeyI70jj
— Clay Travis (@ClayTravis) December 14, 2022
The Washington Post is the latest media company to announce layoffs as the industry grapples with a softening ad market.
Publisher Fred Ryan said at a company town hall on Thursday that the layoffs would take place in the first quarter, but did not specify an exact figure, according to a staffer who was there. Kathy Baird, chief communications officer at the Post, said in a statement that they anticipate that the layoffs “will be a single digit percentage of our employee base” and that the plans would be finalized in the coming weeks. She also said that it would not be a “net reduction in Post headcount,” as investments in other areas.
“The Washington Post is evolving and transforming to put our business in the best position for future growth,” Baird said. “We are planning to direct our resources and invest in coverage, products, and people in service of providing high value to our subscribers and new audiences.”
So the chaos that broke out at The Washington Post on Wednesday was expected.