The Washington Post is laying off around 54 full-time staffers from its standalone software unit, Arc XP, as the paper struggles to turn around its failing business model. The layoffs come less than a year after the Post implemented buyouts in an attempt to prevent mass layoffs.
The Washington Post is implementing a round of layoffs, eliminating a quarter of its standalone software unit as the paper struggles to turn around its failing business model . As reported by The Wall Street Journal, the layoffs are hyper-focused on staffers working on Arc XP, the Post's in-house publishing tool also used by outside media and non-media businesses, including Reuters, The Boston Globe, BP and the Golden State Warriors.
The Washington Post did not immediately respond to Fox News Digital's request for comment. The layoffs come less than a year after the Post implemented buyouts in an attempt to prevent mass layoffs, resulting in roughly 240 staffers voluntarily leaving the 'Democracy Dies in Darkness' paper. It was reported last year that the Jeff Bezos-owned paper was set to lose $100 million in 2023.
Washington Post Layoffs Arc XP Software Unit Business Model
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baz Luhrmann's Next Movie Announced As A Historical Biopic After The Success Of ElvisJoan of Arc in the The Passion of Joan of Arc
Read more »
Apple Cup 2024 Livestream: How to Watch the Washington vs. Washington State College Football Game OnlineThe Washington Huskies and Washington State Cougars play in the 2024 Apple Cup. Here's how to watch Saturday's game at home.
Read more »
Washington State reclaims Apple Cup with late stand to top Washington 24-19John Mateer ran for two touchdowns and threw for one more, Washington State made a goal line stand with 1:07 remaining, and the Cougars reclaimed the Apple Cup with a 24-19 win over Washington on Saturday.
Read more »
Washington State vs. Washington: How To Watch, Preview, Time, StorylinesThe Apple Cup heads to Lumen Field and Peacock this weekend
Read more »
Washington State Cougs reclaim Apple Cup with late stand to beat Washington Huskies 24-19The Washington State Cougars have won against the Washington Huskies in the 2024 Apple Cup.
Read more »
Washington State Football: Best Bets vs Washington - Spread, Over/Under, MoneylineThe 116th Apple Cup kicks off from Seattle's Lumen Field on Saturday at 12:30 PM PT. The Washington State Cougars square off against the Washington Huskies for
Read more »