Feb 7 • 23:49 UTC 🇫🇮 Finland Ilta-Sanomat

The CEO of the newspaper announcing large layoffs resigns

Will Lewis, CEO of the Washington Post, resigns effective immediately following the announcement of significant workforce reductions at the newspaper.

Will Lewis, the CEO and publisher of the Washington Post, announced on Saturday that he will resign from his position, effective immediately. This announcement follows a recent report from the newspaper about a planned 30% reduction in its workforce, which involves laying off over 300 of its approximately 800 reporters. Such significant layoffs have raised concerns regarding the future direction and journalistic capacity of the newspaper, known for its quality and impartial reporting.

In an email sent to employees, Lewis mentioned that during his tenure, he was faced with tough decisions aimed at ensuring a stable future for the Washington Post, enabling it to continue delivering quality news to millions of customers daily for years to come. The decision to cut such a substantial portion of the workforce indicates the challenges faced by traditional media in the digital age, as they navigate decreased revenues and increasing competition from online platforms.

Lewis took up the CEO role in 2023 and will be succeeded temporarily by the newspaper's Chief Financial Officer, Jeff D'Onofrio. The Washington Post, owned by Amazon founder Jeff Bezos since 2013, has been adapting to the changing media landscape, and this leadership change comes at a critical juncture as it seeks to manage its operations amidst significant industry challenges. The situation reflects broader trends in journalism as organizations strive for sustainability while maintaining their editorial standards amid economic pressures.

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