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WEKU
WEKU
David Folkenflik

'The Washington Post' will cut 240 jobs through voluntary buyouts

Post The Washington Post Patty Stonesifer Jeff Bezos
People enter The Washington Post's headquarters. The newspaper is cutting nearly 10% of its jobs through voluntary buyouts. (ERIC BARADAT/AFP via Getty Images)

The Washington Post plans to cut 240 jobs, or almost 10% of its workforce, through voluntary buyouts, the company announced Tuesday.

The Post had been "overly optimistic" about its growth in readership, subscriptions and ads for the past two years, interim CEO Patty Stonesifer wrote in an email to staff. "We are working to find ways to return our business to a healthier place in the coming year."

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