NEW YORK — 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.
The Washington Post Guild, the union representing Post employees, wrote that it was “infuriated” by the decision and “concerned for our dedicated, brilliant colleagues.”
“We cannot comprehend how The Post, owned by one of the richest people in the world, has decided to foist the consequences of its incoherent business plan and irresponsibly rapid expansion onto the hardworking people who make this company run,” the union added in a statement.