The CEO of The Washington Post resigns
Will Lewis, the CEO of The Washington Post, has resigned amid significant layoffs at the newspaper.
Will Lewis announced his resignation as CEO of The Washington Post in an internal email to staff, stating that after two years of transformation at the newspaper, it is now time for him to step aside. He expressed gratitude towards owner Jeff Bezos for his support during his tenure. This resignation comes shortly after The Washington Post revealed plans to cut one-third of its workforce, affecting all editorial departments, including the closure of the sports desk and a reduction in foreign correspondents.
The impending layoffs and organizational changes signal challenging times for the publication, as it seeks to navigate a shifting media landscape marked by declining print revenues and heightened competition from digital news outlets. The decision to significantly downsize staff indicates a strategic pivot aimed at ensuring the long-term sustainability of the newspaper, which has been a prominent player in the media industry.
In the wake of Lewis's departure, Jeff D'Onofrio, the former CFO of the newspaper, is set to take over as the new CEO. As experienced management changes hands amidst these major layoffs, questions remain about the future direction of The Washington Post and how it will adapt to ongoing challenges in the journalism sector, including the need for innovative approaches to engage readers and generate revenue.