Washington Post executive editor Marcus Brauchli today informed staffers of the need for a fresh round of staffer cuts to "address the economic forces affecting our industry."
The Post has sliced the number of newsroom people by more than 200 during the past three years.
Those cuts were not enough to turn a profit. The paper reported an operating loss of $9.9M during the quarter ended Oct. 2. That was up from a $1.7M 2010 period deficit. Revenues slid nine percent to $150M.
In his memo, Brauchli announced a voluntary buyout to members of every part of the paper's newsroom. The objective is "a limited staff reduction that won't affect the quality, ambition or authority of our journalism."
Some reporters and editors who accept the buyout may be turned down if management determines their departure would impair the Post's journalism.
Employees have 45 days to decide whether to accept or reject the terms of the "separation incentive program."
Though the Post is in a cost-cutting mode, it will continue to make "tactical hires so that even as we get smaller, we get stronger."
Brauchli said Post management constantly rethinks "how we do certain things in order to become more efficient, agile and competitive."
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