The Washington Post became the latest major news outlet on Tuesday to reduce its head count, offering a voluntary separation program for 240 employees, according to multiple reports—following a string of layoffs at U.S. manufacturing and tech companies as lingering recession fears persist (see Forbes’ layoff tracker from the first quarter here). Cuts at the Washington Post spread “across all functions” of the company, according to an internal memo that cites an “urgent need to invest in our top growth priorities, following cuts at NPR, Vox, Vice Media, ESPN and the Los Angeles Times. San Francisco-based Twist Bioscience will slash 25% of its workforce (estimated to affect 270 employees), the San Francisco Business Journal reported. Red Hat, a Raleigh, North Carolina-based software manufacturer, started cutting 4% of its workforce, multiple outlets reported, with cuts estimated to affect roughly 760 of its 19,000 employees, according to PitchBook. (Redfin has more than 5,500 employees, according to PitchBook.)

Source: Forbes October 11, 2023 07:37 UTC