The Washington Post will conduct targeted layoffs in the coming year as it reorients itself for the future and reinvests in other areas, publisher Fred Ryan told staffers in a contentious town hall Wednesday, people familiar with the matter told CNN
Ryan indicated to staffers that the cuts will make up a single digit percentage of the workforce, the people told CNN, adding that he does not believe the newspaper can “keep spending on initiatives that no longer align with readers’ interests.” Ryan also said that the total size of the newsroom will not shrink in 2023 and could even grow as a result of the reinvestments in other divisions of the company.
“Recently, we have made some of the largest investments in The Post’s history and 2023 will be another year of continued investment.” The news of looming cuts at The Post follows the newspaper’s recent decision to eliminate the print edition of its Sunday magazine, which resulted in the layoff of a handful of staffers. It comes amid a backdrop of layoffs and cuts across the media industry.
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