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Stockreport

Washington Post begins sweeping layoffs [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 announced sweeping layoffs Wednesday, with cuts expected to greatly reduce some coverage areas at the storied 150-year-old newspaper.The wide-ranging job losses primarily affected the sports, books and podcast units, according to a source familiar with the situation. Foreign desks were also heavily impacted, along with cuts to business and national teams.Roughly one-third of the company was affected by the layoffs, a Washington Post spokesperson said.“The Washington Post is taking a number of difficult but decisive actions today for our future, in what amounts to a significant restructuring across the company," the spokesperson told NBC News.The Post, which has won dozens of Pulitzer prizes — most famously for its Watergate coverage that led to Richard Nixon’s resignation in 1974 — has been owned since 2013 by Amazon founder Jeff Bezos.Though many American newspapers have struggled financially in recent years, Bezos is the fourth-richest person in the world, with a [Read more]
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Stockreport

Washington Post begins sweeping layoffs [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 announced sweeping layoffs Wednesday, with cuts expected to greatly reduce some coverage areas at the storied 150-year-old newspaper.The wide-ranging job losses primarily affected the sports, books and podcast units, according to a source familiar with the situation. Foreign desks were also heavily impacted, along with cuts to business and national teams.Roughly one-third of the company was affected by the layoffs, a Washington Post spokesperson said.“The Washington Post is taking a number of difficult but decisive actions today for our future, in what amounts to a significant restructuring across the company," the spokesperson told NBC News.The Post, which has won dozens of Pulitzer prizes — most famously for its Watergate coverage that led to Richard Nixon’s resignation in 1974 — has been owned since 2013 by Amazon founder Jeff Bezos.Though many American newspapers have struggled financially in recent years, Bezos is the fourth-richest person in the world, with a [Read more]
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