The Washington Post may cut staff positions
The Washington Post, thought by some to be immune from the pressures facing smaller publications, may cut staff positions, according to a report. The report further mentions that the Post now has fewer than the three million paying digital subscribers it had boasted of internally near the end of 2020. And digital ad revenue fell by 15 percent in the first half of 2022 YoY to roughly $70 million. Fred Ryan, the newspaper’s chief executive and publisher, has floated the idea of cutting 100 positions through hiring freezes for open jobs or in other ways, according to the report. This year The Washington Post won the Pulitzer Prize for Public Service for its reporting on the January 6 riot at the US Capitol. Currently, newsroom of the newspaper has approximately 1,000 employees.