Washington Put up CEO Steps Down Days After Mass Layoffs

[ad_1] The CEO of The Washington Put up has stepped down days after the media firm minimize roughly 30% of its workers.

The Put up introduced writer Will Lewis’ departure on Saturday. Lewis additionally wrote a brief word to workers through which he defined that he was leaving “to make sure” a “sustainable future” for the media outlet.

“After two years of transformation at The Washington Put up, now's the best time for me to step apart,” Lewis wrote, in keeping with CNN . “I wish to thank Jeff Bezos for his help and management all through my tenure as CEO and Writer. The establishment couldn't have a greater proprietor.”

“Throughout my tenure, troublesome selections have been taken so as to make sure the sustainable way forward for The Put up so it will possibly for a few years forward publish high-quality nonpartisan information to hundreds of thousands of consumers every day,” he concluded.

Lewis joined The Washington Put up in 2024, introduced on board by Bezos to assist flip the outlet round after years of shrinking readership and monetary losses. Jeff D’Onofrio, the Put up’s chief monetary officer, will succeed Lewis within the interim.

Put up proprietor Jeff Bezos additionally wrote a word included within the launch saying the change. The Amazon founder mentioned that The Washington Put up has “a necessary journalistic mission and a unprecedented alternative,” in keeping with Enterprise Insider .

“Every day our readers give us a roadmap to success. The information tells us what is efficacious and the place to focus,” Bezos mentioned.

The Put up made main modifications this week to reverse its trajectory, reducing roughly 300 jobs because it seeks to strip away components of the corporate that it sees as monetary liabilities and focus assets on worthwhile areas. Executives on the firm mentioned that the outlet has didn't adapt to a altering media panorama and should make robust selections to remain related and aggressive.

“If we're to thrive, not simply endure, we should reinvent our journalism and our enterprise mannequin with renewed ambition,” government editor Matt Murray wrote in a word to workers on Wednesday amid the layoffs.

The most important cuts got here to the newsroom’s worldwide reporting and sports activities division, which not exists. A number of the sports activities writers had been folded into the options part of the paper. The paper shrunk its worldwide protection, however will preserve reporters on the bottom in a couple of dozen international locations.

The Put up can be restructuring its metro part and shutting down its Put up Experiences podcast. The outlet will concentrate on nationwide information, investigations, and well being and wellness.

“At the moment is about positioning ourselves to turn into extra important to individuals’s lives in what has turn into a extra crowded, aggressive, and complex media panorama,” Murray mentioned throughout a name with workers on Wednesday. “For too lengthy, we’ve operated with a construction that’s too rooted within the days after we had been a quasi-monopoly native newspaper.”