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The Washington Post plans to cut 240 jobs through voluntary buyouts
The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts in the coming weeks
NEW YORK (AP) — The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts, the newspaper announced Tuesday.
In an email sent to staff, interim CEO Patty Stonesifer said that The Post had been “overly optimistic” about growth projections for the past two years and into 2024. “We are working to find ways to return our business to a healthier place in the coming year,” she wrote.
Stonesifer said that the buyouts would be offered to certain jobs and departments, but didn't specify which ones. Eligible employees will be notified after an all-staff meeting Wednesday morning, she said, and can later choose to decline or accept the separation package in the coming weeks.
"A much larger group of employees will receive the offer, but acceptances will be capped at approximately 240 people," Stonesifer wrote. She added that the company was taking the voluntary buyout route in efforts to avert “more difficult actions like layoffs – a situation we are united in trying to avoid."