The Washington Post suffered a significant setback on Wednesday when its publisher, Fred Ryan, indicated that there will be significant personnel layoffs due to declining subscriber income.
In an interview with CNN, Ryan said that the publication won’t be able to fully handle policy matters. “keep spending on initiatives that no longer align with readers’ interests.”
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CNN states:
The Washington Post began a new chapter on a tumultuous Wednesday when publisher Fred Ryan informed the shocked staff that the cherished daily will undergo reorganization in the next year. This involves making internal layoffs while reinvesting money in other projects with an eye toward success in the future.
According to CNN sources, Ryan advised his team that personnel reductions would result in a modest but substantial percent decline in the workforce. He is concerned about not jeopardizing the future of the publication. “keep spending on initiatives that no longer align with readers’ interests.”
Ryan predicted that by 2023, rather of contracting as a result of investments made in other areas of the company’s operations, the newsroom would actually grow.
The Post, which employs 2,500 people, is regrettably planning for layoffs that would effect little more than 250 workers.
When it became known that layoffs would start in the first quarter of 2023, a commotion broke out among the workers.
“We’re not going to turn the town hall into a grievance session,” Ryan stated as employees began to weep.
One employee said, “It’s not a grievance session, it’s questions,” as Ryan departed.
A difficult challenge was thrown at Ryan by a worker who questioned his decision to do little to protect employment after the elimination of the Post’s magazine.
“We’ll have more information as we move forward. Thank you very much,” Ryan replied before turning around and leaving.
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The Post is about to make a bold new step forward, as Chief Communications Officer Kathy Baird has formally announced. “is evolving and transforming to put our business in the best position for future growth.”
“We are planning to direct our resources and invest in coverage, products, and people in service of providing high value to our subscribers and new audiences,” Baird said. “As a result, a number of positions will be eliminated. We anticipate it will be a single digit percentage of our employee base, and we will finalize those plans over the coming weeks.”
“This will not be a net reduction in Post headcount,” Baird continued. “Recently, we have made some of the largest investments in The Post’s history and 2023 will be another year of continued investment.”
