The Washington Post threatens layoffs if it doesn’t hit buyout target


The Washington Post will be forced to lay off staffers if it does not reach its target of 240 voluntary buyouts, interim CEO Patty Stonesifer told employees on Tuesday in an ominous memo.

“We want everyone to understand that we need 240 acceptances to help restore The Post’s financial health,” Stonesifer wrote in the memo, obtained and reviewed by The Daily Beast. “We have made the decision, if we fall short of this goal, to implement involuntary layoffs in those areas where we have already identified that positions do not need to be replaced, where work can be reassigned more efficiently or where we can otherwise achieve cost savings. These layoffs would offer significantly less generous benefits than the voluntary package and will be consistent with prior layoff packages at The Post.”

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