Following leaked video of a tense town hall, Washington Post publisher and CEO Fred Ryan confirmed in an email to staff that the company plans to cut part of its workforce early next year.
A number of the Post's star reporters — including Josh Dawsey, Ashley Parker, Tyler Pager and Shane Harris — decided to join the paper's union after the town hall, according to reports that were confirmed by Axios.They're expected to hit the newsroom, which has nearly doubled to over 1,000 during his eight years as CEO.
Ryan implied the cuts would be at least partly offset by new roles: "We expect that, at this time next year, our newsroom will be as large as it is now — if not larger."Three longtime C-suite executivesthis year. Steve Ginsberg, a managing editor, left last month to join The Athletic as executive editor.
The company isn't expected to turn a profit this year, according to three sources familiar with its finances, mostly due to planned investments. The paper hired aggressively this year across new focus areas, including wellness and climate. Like most media firms, the Post's ad business is being hurt by an ad-market slowdown. The company has lost subscribers in the past two years, and now has
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