The Washington Post has laid off more than 300 journalists, dismantling its sports, local news and international coverage. “Everybody is grieving, and it’s a loss for our readers,” says Nilo Tabrizy, one of the paper’s recently laid-off staff, who describes a “robotic” meeting announcing the cuts. “They didn’t have the dignity to look us in the eye.” The shocking staff culling has been widely…
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The Washington Post, one of the largest newspapers in the U.S., announced on Wednesday that it is laying off a third of all staff — a move that owner Jeff Bezos could prevent personally without his net worth changing in any meaningful way. As of Wednesday, Bezos’s net worth was listed as just under $249 billion by Forbes. Just last year, he spent an estimated $50 million on his wedding.
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It’s becoming something of a theme: Two massive companies are fighting to take over another massive company, in a deal that will enrich a variety of shareholders but leave the rest of us worse off. The news that Netflix struck a bid to take over movie powerhouse Warner Bros. earlier this month likely horrified entertainment workers: Two Goliaths of the industry combining is no good for pay…
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