The Washington Post, owned by Amazon founder Jeff Bezos, is undergoing significant changes as it navigates the evolving media landscape. In a move to address mounting financial challenges, the newspaper announced it would lay off nearly 100 workers, equating to 4% of its staff. This decision comes as the organization seeks to mitigate growing losses and adapt to industry demands.
The layoffs occur during a period of unrest at the company, following Mr. Bezos's controversial actions in recent political developments. Notably, he broke with tradition by blocking an endorsement of Vice President Kamala Harris ahead of the US presidential election in November. Additionally, his description of Donald Trump's re-election victory as "an extraordinary political comeback" and subsequent dinner with Trump at Mar-a-Lago have raised eyebrows.
Managing editor Matea Gold's departure to join The New York Times marks another significant shift for The Washington Post. The newspaper also faces the resignation of Pulitzer Prize-winning cartoonist Ann Telnaes. Several high-profile journalists, including investigative reporter Josh Dawsey, have left the publication amidst these changes.
The Washington Post has faced criticism for its refusal to publish a satirical cartoon depicting Mr. Bezos and other tycoons kneeling before a statue of President-elect Trump. In 2023, the publication reported losses of $77 million (£45 million) and experienced a decline in online readership, with 250,000 readers canceling their subscriptions in protest.
"The Washington Post is continuing its transformation to meet the needs of the industry," stated a spokesperson for the newspaper.
In an effort to reduce its workforce by 10%, The Washington Post previously offered voluntary buyouts to employees. The current cuts will primarily impact employees on the business side. As part of its strategic realignment, the newspaper aims to position itself better for future success.
"Changes across our business functions are all in service of our greater goal to best position The Post for the future," added the spokesperson.
Last month, Mr. Bezos announced Amazon's $1 million donation to Trump's inauguration fund and an additional $1 million in-kind contribution. These actions have further fueled discussions surrounding the newspaper's direction under Bezos's ownership.
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