Washington Post slashing 240 jobs

The Washington Post says it has plans to do away with more than 200 jobs as a cost cutting measure after prognostications for online readership and subscriptions proved “overly optimistic” heading into 2024.

In a note sent to staff on Tuesday and obtained by several media outlets, Patty Stonesifer, the
chief executive officer at the Post, wrote the company has an “urgent need to invest in our top growth priorities.”

A large pool of the Post’s hundreds of employees will be offered voluntary buyouts, Stonesifer said, with the number...