Earlier The Washington Post announced that it would offer voluntary buyouts to 240 staff members in an attempt to strengthen the “financial health” of the organization.
However, just 120 employees have accepted the buyout package.
Interim CEO Patty Stonesifer wrote in a memo to staff:
“We want everyone to understand that we need 240 acceptances to help restore The Post’s financial health. We have made the decision, if we fall short of this goal, to implement involuntary layoffs in those areas where we have already identified that positions do not need to be replaced, where work can be reassigned more efficiently or where we can otherwise achieve cost savings.
“These layoffs would offer significantly less generous benefits than the voluntary package and will be consistent with prior layoff packages at The Post.”
The deadline to accept the buyouts for non-union employees is Dec. 11, while employees belonging to the Post Guild have until Dec. 15.
Read more here.
The Omaha World-Herald is seeking a hard-charging, multi-dimensional journalist to lead the next phase of…
Danielle Lee has been named editor-in-chief of Employee Benefit News. She was most recently managing…
Business Insider’s Singapore bureau is hiring a senior business reporter passionate about technology and AI,…
Umair Irfan, who covers energy and the environment for Vox, has left the news organization…
Reuters has won a Pulitzer Prize in the beat reporting category for its series on…
Business Insider senior politics reporter Bryan Metzger is leaving the news organization at the end of the…