Washington Post layoffs

[andhra_jp]

Washington Post to Lay Off a Quarter of Staffers From Software Unit

The Washington Post is laying off a quarter of its workforce from Arc XP, the publisher’s stand-alone software unit, the latest change as the company aims to turn its business around under new leadership.

The layoffs affect about 54 full-time staffers at Arc XP, and come nearly a year after the publisher announced voluntary buyouts to reduce its Post workforce by 240.   

The Post is undergoing a host of changes amid pressure to reverse its fortunes and generate a profit.   

The Post’s owner, Jeff Bezos, who has told the newsroom that he wants the company to return to profitability, tapped William Lewis as publisher in late 2023. 

The news publisher had faced business challenges including declining traffic and subscriptions following a surge during the Trump presidency. It lost $77 million in 2023 and had faced a digital audience decline of around 50% since 2020. 

[Thokkalee]

All the news publications and news channels are losing money in Biden’s administration. Trump is actually a big money maker for them. 😃

[Hitman]

Original News paper was gone into history by 2015

Digital version News paper would be into history by 2025

All the news now flowing through messaging apps...