From Washingtonian, November 28:
Only 120 people have accepted buyouts, its interim CEO tells employees.
One hundred and twenty Washington Post employees have accepted the buyouts the publication announced last month, interim CEO Patty Stonesifer told staffers in a memo Tuesday morning. Stonesifer contended that the Post needs 240 people to accept the “voluntary separation package” to “help restore The Post’s financial health.”
In a followup e-mail to staff, Post Executive Editor Sally Buzbee told staff that only 36 newsroom employees had accepted offers, about “30 percent of our goal across the News department of 119 acceptances of the voluntary buyout package.”
If not enough people accept the packages, Stonesifer wrote, “We have made the decision, if we fall short of this goal, to implement involuntary layoffs in those areas where we have already identified that positions do not need to be replaced, where work can be reassigned more efficiently or where we can otherwise achieve cost savings.” Layoffs, she cautioned, “would offer significantly less generous benefits than the voluntary package.”...
....MUCH MORE
Previously:October 10
Media: "Washington Post is reducing its workforce by approximately 240 positions"
July 24
Media: With The Washington Post On Track To Lose $100 Million This Year, Jeff Bezos Is Getting More Hands-On
They need Donald Trump. As do the New York Times Fox, CNN, most of the second and third tier newspapers and quite a few websites, bloggers and substacks....
