BREAKING: Corporate Press Dealt MASSIVE Blow As Washington Post Makes Huge Announcement

On Tuesday, a leaked email from The Washington Post revealed that it will be cutting 240 employees in order to avoid mass layoffs as readers continue to tune out the corporate news outlet.

According to an email obtained by Ben Mullin, the Post's staff will be meeting on Wednesday to discuss the cuts and offer "voluntary separation packages" with various incentives in order to avoid layoffs.

"We have determined that our prior projections for traffic, subscriptions, and advertising growth for the past two years — and into 2024 — have been overly optimistic and we are working to find ways to return our business to a healthier place in the coming year," the email began. "But the urgent need to invest in our top growth priorities brought us to the difficult conclusion that we need to adjust our cost structure now."

The email then explains that The Post is looking to reduce the workforce by 240 people across the entire organization as employees will be given the opportunity to take exit packages if they so wish.

"This program will offer generous incentives to employees in specific roles where we believe we can reduce costs if work can be assigned more effectively, where positions do not need to be replaced, or where we can otherwise achieve cost savings through a voluntary reduction in our workforce."

The meeting will be taking place in person and over Zoom for employees to ask questions and get more details about the program.

"Following this meeting, all eligible employees will be notified by email if their position is included in the program, and they are welcome to consider the package. Senior leaders will then share department specific information in meetings to follow throughout the day," the email reads.

As reported by The Post Millenial, The Post is set to lose over $100 million in 2023 as subscribers have waned from their three million person peak in 2020 to just 2.5 million. The 240 staffers are set to join 20 other newsroom personnel who were let go earlier this year.

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