The Washington Post imposed more layoffs on Tuesday, just a week after owner Jeff Bezos visited his Washington DC office. Among the ritual offerings are Launcher, the newspaper’s burgeoning gaming section, which routinely ran major news stories, landed major interviews, and asked the tough questions.
Having just turned three years old last fall, Launcher was one of a mainstream media outlet’s few attempts to tackle the unruly world of video games in a way it wasn’t. contemptuously or misinformed. my city understands that part of his team will be transferred to other parts of The Washington Post while the others are fired.
A total of 50 positions are reportedly being cut, including 30 vacancies that will remain unfilled and 20 staff who will be out of a job. “We are also eliminating currently filled positions that we concluded are not essential to meeting our competitive needs,” said editor-in-chief Sally Buzbee wrote in a memo to staff while still announcing new hires within the company.
— Launcher (@LauncherWP) January 24, 2023
Bezos, who is still worth more than $100 billion, bought it The Washington Post back in 2013 for just $250 million ($AU354.8 million). Rumor has it that his yacht costs twice as much. Despite an explosion in paid subscribers during Trump’s chaos-packed years, the paper’s executives have reportedly disagreed on how to expand and grow in the coming years. This led to a personal visit from Bezos last week, where he claimed he was fully committed to the paper and was just there to listen.
Launcher’s shutdown comes as companies in the rest of the media are cutting jobs as the US Federal Reserve tries to trigger a recession to please Wall Street investors. Games media has been hit particularly hard, with recent layoffs on the rise IGN, Game informant, Change fan, Game Spot, Giant bomb, and more. Meanwhile, the video game industry is predicted by some analysts to grow to $300 billion ($AU425.7 billion) by the end of the decade.
The Washington Post did not immediately respond to a request for comment.