The Washington Post plans to offer buyouts to employees to reduce its workforce by 240 people, interim CEO Patty Stonesifer told employees in a memo Tuesday. The Post plans to offer “voluntary separation packages”—aka buyouts—with a goal of reducing headcount “by approximately 240 people across all functions of The Post,” Stonesifer writes. We have work going on across the organization to develop a strong plan for 2024 – and make no mistake – we remain bullish about the future of The Washington Post. Hard-working Post employees are going to lose their jobs because of a litany of poor business decisions at the top of our company. The Guild was made aware of these buyouts at the same time as the rest of the Post staff.

Source: Washington Post October 11, 2023 01:58 UTC