Washington Post Threatens Layoffs Amid Buyout Shortfall

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

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.