USA First Reporting The Washington Post suffered a significant setback on Wednesday when its publisher, Fred Ryan, indicated that there will be significant personnel layoffs due to declining subscriber income.
In an interview with CNN, Ryan said that the publication wonât be able to fully handle policy matters. âkeep spending on initiatives that no longer align with readersâ interests.â
REPORT: Washington Post CEO just announced massive layoffs after subscription revenue plummeted.
We are watching the extinction of the main stream media in real time đ
— Collin Rugg (@CollinRugg) December 14, 2022
CNN states:
The Washington Post began a new chapter on a tumultuous Wednesday when publisher Fred Ryan informed the shocked staff that the cherished daily will undergo reorganization in the next year. This involves making internal layoffs while reinvesting money in other projects with an eye toward success in the future.
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