City
Epaper

Jeff Bezos makes a rare visit at Washington Post amid layoffs fears

By IANS | Updated: January 20, 2023 14:15 IST

New York, Jan 20 Amazon founder Jeff Bezos made a rare appearance at The Washington Post headquarters amid ...

Open in App

New York, Jan 20 Amazon founder Jeff Bezos made a rare appearance at The Washington Post headquarters amid layoff fears at the publishing giant that has been battling declining ad revenue and stalled online subscription growth, the media reported.

According to a report in The New York Times, Bezos, who bought the news organisation in 2013, "made a rare appearance in the newsroom, joining the morning news meeting for the first time in more than a year."

"I'm delighted to be here and see all these faces... Let's have a news meeting," he told the senior staff present in the meeting on Thursday.

The billionaire sat close to The Post's top editor, Sally Buzbee, and the publisher, Fred Ryan.

"Jeff is here for in-person meetings with Fred, Sally and staff across the newsroom," a Post spokesperson was quoted as saying.

Bezos bought The Post for $250 million, "adding newsroom jobs and increasing its coverage areas."

However, the business has stalled in the past year.

Last month, Ryan told the staff there would be layoffs to "put our business in the best position for future growth."

The layoffs would be a single-digit percentage of its 2,500-strong workforce, and are expected to take place early this year.

The newspaper shut its Sunday magazine and laid off 11 newsroom employees late last year.

"We hope that Washington Post owner Jeff Bezos has heard employees' appeals for a stop to these impending layoffs that, as far as we can tell, are not financially necessary or rooted in any informed business strategy from publisher Fred Ryan," The Post's union guild said in a statement.

The publication has struggled to expand its subscription business, with fewer paying subscribers last year than the three million it had in 2020.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Sally BuzbeeamazonJeff BezosThe Washington PostPost facebookAmazon washington postJeffrey bezos
Open in App

Related Stories

EntertainmentOTT Releases This Week: Pattth, Bhool Chuk Maaf, Jaat, Stolen and More; New Web Series and Movies for Your Weekend Watchlist

EntertainmentOTT Releases This Week: Thudarum, Retro, Criminal Justice S4, Hit 3 and More – Latest Series and Movies for Your Weekend Watchlist

EntertainmentOTT Releases This Week: Abhilasham, Hunt, Criminal Justice Season 4 & More – Top Picks for Your Weekend Watchlist

EntertainmentOTT Releases This Week: Another Simple Favor, Kull, Costao, Bromance & More – Top Picks for Your Weekend Watchlist

EntertainmentOTT Releases This Week: Khauf, Mere Husband Ki Biwi, Logout, Daveed & More – Top Picks for Your Weekend Watchlist

Technology Realted Stories

TechnologyIndia enters new quantum era of secure communication: Rajnath Singh

TechnologyNagaland University conducts archaeological research on prehistoric life of Naga communities

TechnologyNSE-Cyprus stock exchange pact marks new chapter in financial cooperation

TechnologyICAR-NIHSAD Bhopal designated as containment facility for Rinderpest virus

TechnologyC-DOT provides grants to 18 startups under ‘Samarth’ programme