Washington Post implements layoffs as flagging publisher struggles to achieve profitability

The Washington Post is implementing a circular of layoffs, eliminating a 4th of its standalone bundle portion arsenic the insubstantial struggles to crook astir its failing concern model.

As reported by The Wall Street Journal, the layoffs are hyper-focused connected staffers moving connected Arc XP, the Post's in-house publishing instrumentality besides utilized by extracurricular media and non-media businesses, including Reuters, The Boston Globe, BP and the Golden State Warriors.

The layoffs are acceptable to interaction astir 54 full-time staffers. 

In a memo obtained by the Journal, Arc XP president Matt Monahan told staffers, "To proceed this enactment amidst a caller question of alteration wrong our manufacture requires america to enactment with urgency and deliberation differently."

The Washington Post is cutting astir 54 staffers from its Arc XP bundle unit. (Andrew Harnik/Getty Images)

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"This determination volition assistance america align to a program for the aboriginal that is some ambitious and achievable," helium added.

The Washington Post did not instantly respond to Fox News Digital's petition for comment. 

The layoffs travel little than a twelvemonth aft the Post implemented buyouts successful an effort to forestall wide layoffs, resulting successful astir 240 staffers voluntarily leaving the "Democracy Dies successful Darkness" paper. 

It was reported past twelvemonth that the Jeff Bezos-owned insubstantial was acceptable to lose $100 cardinal successful 2023.

Billionaire Jeff Bezos bought The Washington Post for a whopping $250 cardinal successful 2013. ( SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Earlier this year, the Post's caller steadfast and CEO William Lewis ruffled feathers successful the newsroom erstwhile helium offered a blunt connection astir however dire their fiscal concern was. 

"We are going to crook this happening around, but let’s not sugarcoat it. It needs turning around," Lewis told the paper. "We are losing ample amounts of money. Your assemblage has halved successful caller years. People are not speechmaking your stuff. Right. I can’t sugarcoat it anymore."

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Washington Post steadfast and CEO William Lewis bluntly told staffers "People are not speechmaking your stuff" erstwhile helium joined the struggling insubstantial earlier this year. (Elliott O'Donovan for The Washington Post via Getty Images)

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