© Reuters. FILE PHOTO: FILE PHOTO: The newspaper’s banner logo is seen during the grand opening of the Washington Post newsroom in Washington January 28, 2016. REUTERS/Gary Cameron/File Photo
(Reuters) – The Washington Post, the newspaper owned by billionaire Jeff Bezos, is weighing cutting hundred newsroom positions and is on track to lose money this year, the New York Times reported on Tuesday, citing people familiar with the matter.
The cuts, if they happen, could come as hiring freezes for open jobs or other ways, according the report, which said Chief Executive Fred Ryan had brought up the idea with newsroom leaders in recent weeks. (https://nyti.ms/3pUnZ5Y)
The Post did not immediately respond to a Reuters request for comment.
Digital ad revenue generated by the Post fell to roughly $70 million during the first half of the year, down 15% from the half of 2021, the Times reported, citing an internal financial document it had reviewed.