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Stockreport

Washington Post begins sweeping layoffs amid cost-cutting [MSNBC.com]

Amazon.com, Inc. (AMZN)  More Company Research Source: MSNBC.com
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The Washington Post on Wednesday announced a series of layoffs,following weeks of mounting speculationAccording to a source familiar with the situation, the layoffs will primarily affect sports, books and the company's podcast unit. The metro desk will also be restructured.In response to the announcement, the Washington Post Guild, which represents hundreds of newsroom employees, said, "These layoffs are not inevitable. A newsroom cannot be hollowed out without consequences of its credibility, its reach and its future.""In just the last three years, the Post's workforce has shrunk by roughly 400 people. Continuing to eliminate workers only stands to weaken the newspaper, drive away readers and undercut The Post's mission: to hold power to account without fear or factor and provide critical information for communities across the region, country and world."The announcement follows recent scrutiny over newsroom budget decisions, including the paper’s shifting plans around Winter Olympics [Read more]
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Stockreport

Washington Post begins sweeping layoffs amid cost-cutting [MSNBC.com]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: MSNBC.com
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The Washington Post on Wednesday announced a series of layoffs,following weeks of mounting speculationAccording to a source familiar with the situation, the layoffs will primarily affect sports, books and the company's podcast unit. The metro desk will also be restructured.In response to the announcement, the Washington Post Guild, which represents hundreds of newsroom employees, said, "These layoffs are not inevitable. A newsroom cannot be hollowed out without consequences of its credibility, its reach and its future.""In just the last three years, the Post's workforce has shrunk by roughly 400 people. Continuing to eliminate workers only stands to weaken the newspaper, drive away readers and undercut The Post's mission: to hold power to account without fear or factor and provide critical information for communities across the region, country and world."The announcement follows recent scrutiny over newsroom budget decisions, including the paper’s shifting plans around Winter Olympics [Read more]
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AMZN
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
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EVENT DAY
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TIME AND VELOCITY ANALYSIS