In yet another blow to journalists across the US, the Washington Post revealed on Tuesday that it would be offering voluntary buyouts to their staffers this week to cut their headcount by 240 people. Interim chief executive Patty Stonesifer said in an email to the roughly 2,500 people who work at the company that the brand’s “subscription, traffic, and advertising projections” in recent years had been “overly optimistic”, according to the Washington Post. It is unclear how many of the more than 1,000 people who are part of the newsroom will be affected. While the Post has certainly seen a lot of contraction, they join many other companies who have been hit financially hard in recent years. The Washington Post Union did not immediately respond to the Guardian’s request for comment.

Source: Washington Post October 10, 2023 23:13 UTC