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Washington Post begins layoffs | CNN business



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The Washington Post on Tuesday became the latest media outlet to implement layoffs and cut 20 jobs, a move publisher Fred Ryan hinted last month the paper would take over in early 2023.

Sally Buzbee, editor-in-chief of The Post, described the decision to cut the job as “difficult” in a memo to staff and said the paper had identified 30 vacancies it would no longer fill.

“While such changes are not easy, evolution is necessary to remain competitive and the economic climate has guided our decision to act now,” Buzbee said. “We believe these steps will ultimately help us fulfill our mission to challenge power and empower readers.”

The layoffs affected multiple departments at The Post and included the pulling of the plug at Launcher, the newspaper’s gaming vertical, which launched in 2019, a spokesman for The Post said.

Spokespersons for The Post have stressed that the newspaper will not cut staff in 2023 as it will reallocate resources and invest in other areas.

However, the Washington Post Guild condemned the move to lay off employees.

“But to be clear, we believe that any downsizing is unacceptable right now – at a time of continued growth and expansion,” the guild said in a statement obtained by CNN on Tuesday. “To our colleagues affected today, we are sorry and we are here for you.”

“Today is a tough day for all of us,” the guild added. “We are devastated for our colleagues and upset by The Post’s irresponsible and illogical decision-making. But we’re not done fighting or standing up for each other.”

Buzbee said in her memo that employees affected by the layoffs will be offered severance pay and will be eligible to apply for other vacancies.

The firings come days after Post owner Jeff Bezos visited the editorial office and held meetings with Ryan and Buzbee.

Ryan’s December announcement of future layoffs sparked anger in the Post newsroom, nearly a dozen Post employees told CNN at the time. “The mood is really somber,” a staffer told CNN. “People are so angry right now. It’s bad. Only bad.”

In recent months, the media and technology sectors have been hit hard as advertisers rein in spending amid economic uncertainty.

Layoffs are common across the news industry. CNN, NBC News, MSNBC, Vox Media, Gannett and other news organizations have all cut their workforces in recent months. And companies that haven’t laid off employees have taken strict measures to reduce spending.

Spotify announced on Monday that it would lay off hundreds of employees. Google joined big tech giants Meta, Amazon and Microsoft last week in announcing layoffs. Google said it made the decision to cut 6% of its workforce, equivalent to about 12,000 jobs.

Entertainment giants such as Warner Bros. Discovery (CNN’s parent company) and Paramount Global have also reduced their workforces.

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