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Washington Post Threatens Layoffs Amid Buyout Shortfall

Only half of the targeted 240 employees have accepted the buyout package, with the newsroom particularly resistant.

Overview

  • The Washington Post is threatening to impose involuntary layoffs if it does not reach its target of 240 voluntary buyouts by mid-December.
  • Interim CEO Patty Stonesifer has informed staff that only 120 employees have accepted the buyout package so far.
  • Executive Editor Sally Buzbee disclosed that only 36 out of the 119 newsroom staff needed have accepted buyouts.
  • The Washington Post Guild has advised its members to wait until the last minute to accept the buyouts.
  • Incoming CEO William Lewis, starting in January, will have to deal with the financial struggles of the organization.