Jeff Bezos makes a rare visit at Washington Post amid layoffs fears
Amazon’s founder Jeff Bezos has made a rare appearance at The Washington Post headquarters (In the U.S.) amid layoff fears at the publishing giant, which has been battling with declining ad revenue and stalled online subscription growth, the media report states.
ALSO READ: Nokia T21: The new tablet with a 2K display and Stylus support
According to a report in The New York Times, Jeff 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.”
ALSO READ: WhatsApp brings voice status updates on Android beta: Know how it works
“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 19 January.
ALSO READ: Intel Launches 13th-Gen Core i9 Processor With 6GHz Speed: Check Details
The billionaire sat close to the top editor of the Washington Post named Sally Buzbee and the publisher named Fred Ryan.
“Jeff is here for in-person meetings with Fred, Sally and staff across the newsroom,” a Post spokesperson was quoted as saying.
Amazon’s founder 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 that 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.
Inputs from IANS
Latest Technology News
Amazon’s founder Jeff Bezos has made a rare appearance at The Washington Post headquarters (In the U.S.) amid layoff fears at the publishing giant, which has been battling with declining ad revenue and stalled online subscription growth, the media report states.
ALSO READ: Nokia T21: The new tablet with a 2K display and Stylus support
According to a report in The New York Times, Jeff 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.”
ALSO READ: WhatsApp brings voice status updates on Android beta: Know how it works
“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 19 January.
ALSO READ: Intel Launches 13th-Gen Core i9 Processor With 6GHz Speed: Check Details
The billionaire sat close to the top editor of the Washington Post named Sally Buzbee and the publisher named Fred Ryan.
“Jeff is here for in-person meetings with Fred, Sally and staff across the newsroom,” a Post spokesperson was quoted as saying.
Amazon’s founder 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 that 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.
Inputs from IANS
Latest Technology News
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.