Washington Post to Cut 240 Jobs, Second Major Reduction This Year Amid Revenue Shortfalls

The Washington Post plans to cut 240 jobs, about 10% of its workforce, through voluntary buyouts.

The Post says it was "overly optimistic" about growth in readership, subscriptions, and ads the past 2 years.

This is the second, much larger reduction in staff this year after 50 jobs were cut in January.

The Post's publisher left in June amid questions over finances and reported tensions with the executive editor.

The media industry overall has seen steep layoffs in 2022 at outlets like NPR, CNN, LA Times, and Vox Media.