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 fast-growing gaming section of the newspaper, which routinely broke important news stories, landed big interviewsand asked the tough questions.
Launcher only had just turned three years old last fall and was one of the few attempts by a mainstream media outlet to tackle the unwieldy world of video games in a way that wasn’t contemptuously or incorrectly informed. my city understands that part of his team will be transferred to other parts of The Washington Post while the others are fired. Because of their union contractsthose affected will remain in service until March 31.
Fifty positions are Reportedly be eliminated, 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 along with new hires within the company were yet to be announced.
Bezosworth more than $100 billion The Washington Post back in 2013 for just $250 million. His hunt is rumored to cost twice as much. Despite a boom in paid subscribers during the chaotic Trump years, executives at the paper reportedly disagreed about how we can expand and grow in the coming years. This led to a personal visit from Bezos last week, where he maintained his full commitment to the paper and just there to listen.
“We have not been given a clear explanation as to why these layoffs had to take place,” said The Washington Post Guild tweeted Today. “As far as we can tell, they are not financially necessary or rooted in a coherent business plan from our publisher, who has said he expects the company to be bigger a year from now.”
Launcher’s shutdown comes as businesses in the rest of the media are cutting jobs as the Federal Reserve tries to trigger a recession to please Wall Street investors. Games media has been hit particularly hardwith recent layoffs IGN, Game informant, Change fan, Game Spot, Giant bomb, and more. Meanwhile, some analysts expect the video game industry grow to $300 billion before the end of the decade.
The Washington Post did not immediately respond to a request for comment.
Update 1/24/23 5:01 PM ET: Added commentary from The Washington Post Guild and last day information from Launcher staffers.