Jeff Bezos loses millions with The Washington Post and would have contemplated laying off 100 employees

The purchase of Jeff Bezos from the Washington Post a few years ago had cleared up the financial problems that traditional media often experience when they transform from paper to the internet. However, the news on that front is not encouraging. Faced with a million-dollar drop in income, the newspaper Washington Post would have contemplated the elimination of 100 jobs, as indicated this Tuesday New York Times.

According to the post, Washington Post it currently has less than three million digital subscribers, a figure that it had reached in 2020. Additionally, its digital advertising revenues were reduced to 70 million dollars, during the first half of 2022, which means a decrease of 15% in one year .

Due to the above, the media pointed out that Fred Ryan, the executive director and editor, raised the reduction of the staff of journalists, which currently has around 1,000 employees.

According to the report, since Washington Post was bought by Bezos experienced a “significant increase” in his income and an expansion of his jobs.

However, the situation changed after the Republican Donald Trump left the Presidency of the United States in early 2021. “The postwho saw increased activity through his extensive coverage of the Trump administration, had trouble recovering once he left office, the outlet stressed. Daily Mail.

Additionally, the publication affirms that many within the Washington Post they feel dissatisfied with the director of the newspaper for not diversifying the media’s coverage and for decisions such as monitoring people entering offices after the end of coronavirus restrictions and contemplating laying off employees who continue to work from home. The latter was rejected in a letter by several journalists from the US capital.

Despite the losses, the newspaper assures that the executives of the postwhich was bought in 2013 by tycoon Jeff Bezos, set out plans to buy British media Guardian Y The Economist and the Associated Press (AP) news agency, with the aim of expanding its brand abroad, which were left in the background.

Such a decision would have generated great frustration in the ‘marketing’ team, the sources told the ‘Times’.

Regarding the article, a spokesperson for Washington Post responded to New York Times denying that dismissals are contemplated and, on the contrary, assured that they seek to create new jobs “to serve a larger, national and global audience.”

The spokesman also dismissed the report of Times stating that “it showed an incomplete image” of the post.