All Hell Breaks Loose When The Washington Post Executives Announced Layoffs During A Town Hall Meeting (Video)
The Washington Post is the latest media company to announce layoffs as the industry grapples with a softening ad market.
Publisher Fred Ryan said at a company town hall on Thursday that the layoffs would take place in the first quarter, but did not specify an exact figure, according to a staffer who was there. Kathy Baird, chief communications officer at the Post, said in a statement that they anticipate that the layoffs “will be a single digit percentage of our employee base” and that the plans would be finalized in the coming weeks. She also said that it would not be a “net reduction in Post headcount,” as investments in other areas.
“The Washington Post is evolving and transforming to put our business in the best position for future growth,” Baird said. “We are planning to direct our resources and invest in coverage, products, and people in service of providing high value to our subscribers and new audiences.”
So the chaos that broke out at The Washington Post on Wednesday was expected.
Washington Post national correspondent Annie Gowan reported that Ryan darted out of the room without taking questions from staff after he broke the bad news.
“You talked about the positions getting eliminated. What are you going to do to protect people’s jobs? Are they going to be treated like the magazine staffers were?,” one staff member chimed.
“We’ll have more information as we move forward,” Ryan replied before exiting. Staff in attendance appeared very angry at the leader’s disregard for their concerns. One woman employee accused him of being disrespectful.
Executives of WaPo, facing growing financial headwinds, held an all-staff town hall to announce that layoffs are coming. What followed was absolute gold.
You can watch the video below:
Roughly half-a-million readers have canceled their Post subscriptions since last January, the Wall Street Journal reported. The paper does not project it will be profitable in 2022.
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You should try honesty and real journalism for a change, you might get some people back
Go Woke, go broke….plus, when you get caught lying enough times, sane people stop listening/reading. Financial loss couldn’t happen to a more deserving newspaper. I hope they bankrupt.
Layoffs in the single digits? Yeah, we’ll see. All I know is Musk fired 80% of Twitters staff, even the janitors, and business is booming for Twitter. How many people do WA PO need to copy the same stories written by others?
I could not be more happy. Finally the liars and hypocrites are getting what they deserve.
Hahahahahaha.
Couldn’t have happened to a nicer company
Another wokie george soros rag biting the dust.
Wait tell next year folks. Covid ruined the economy. Get ready for the next big shovel ready jobs bill. Probably late 23.
How many people does it take to cut and paste the daily script from the ministry of propaganda, two to four?
Awww… these poor fake reporters. Image getting paid for lying. Woke to Broke!
If they lay off fifty people that will be twice the number of their readers.
It’s a start…..the way that Newspaper is being run, this is most likely just the beginning of the end…..NYT next?