Bezos-owned Washington Post cuts more jobs

The Washington Submit introduced it’ll lay off almost 100 staff, or 4% of its workers, in an try to stem rising losses, based on media stories.

The cuts reportedly will have an effect on primarily staff on the enterprise aspect of the storied US newspaper owned by Amazon founder Jeff Bezos.

The publication is amongst many information shops struggling within the digital age as a rising variety of on-line platforms compete for promoting revenues.

The layoffs, introduced on Tuesday, come at a time of turmoil on the firm after Mr Bezos broke with custom and blocked an endorsement of Vice President Kamala Harris forward of the US presidential election in November.

In 2023, the Washington Submit reported losses of $77m (£45m) and falling readership on its web site. That very same 12 months, the newspaper introduced it was providing staff voluntary buyouts in a bid to chop headcount by 10%.

Mr Bezos wrote an opinion piece explaining that blocking the endorsement was essential due to rising public notion that the “media is biased.”

Nonetheless, the newspaper mentioned 250,000 of its readers canceled their subscriptions in protest.

Since then, a number of high-profile journalists, together with investigative reporter Josh Dawsey, who confirmed on X that he was taking a job at The Wall Avenue Journal, have additionally left the newspaper. Managing editor Matea Gold is becoming a member of Submit competitor The New York Occasions, the Occasions confirmed.

The obvious battle between Bezos and the newspaper’s prime expertise took a flip for the more serious on Saturday when Pulitzer Prize-winning cartoonist, Ann Telnaes, mentioned she was resigning from the Washington Submit.

That got here after the newspaper refused to publish a satirical cartoon that confirmed Mr Bezos and different tycoons kneeling earlier than a statue of President-elect Donald Trump.

Final month, Mr Bezos introduced Amazon would donate $1m to Trump’s inauguration fund and make a $1m in-kind contribution. Mr Bezos additionally described Trump’s re-election victory as “a rare political comeback” and dined with him on the president-elect’s Mar-a-Lago residence in Florida.