The New Yorker:

The Amazon founder bought the paper to save it. Instead, with a mass layoff, he’s forced it into severe decline.

By Ruth Marcus

On September 4, 2013, the Amazon founder Jeff Bezos held his first meeting with the staff of the Washington Post, the newspaper he had agreed to purchase a month earlier from the Graham family, for two hundred and fifty million dollars. It had been a long and unsettling stretch for the paper’s staff. We—I was a deputy editor of the editorial page at the time—had suffered through years of retrenchment. We trusted that Don Graham would place us in capable hands, but we did not know this new owner, and he did not know or love our business in the way that the Graham family had. Bezos’s words at that meeting, about “a new golden era for the Washington Post,” were reassuring. Bob Woodward asked why he had purchased the paper, and Bezos was clear about the commitment he was prepared to make. “I finally concluded that I could provide runway—financial runway—because I don’t think you can keep shrinking the business,” he said. “You can be profitable and shrinking. And that’s a survival strategy, but it ultimately leads to irrelevance, at best. And, at worst, it leads to extinction.”

To look back on that moment is to wonder: How could it have come to this? The paper had some profitable years under Bezos, sparked by the 2016 election and the first Trump term. But it began losing enormous sums: seventy-seven million dollars in 2023, another hundred million in 2024. The owner who once offered runway was unwilling to tolerate losses of that magnitude. And so, after years of Bezos-fuelled growth, the Post endured two punishing rounds of voluntary buyouts, in 2023 and 2025, that reduced its newsroom from more than a thousand staffers to under eight hundred, and cost the Post some of its best writers and editors. Then, early Wednesday morning, newsroom employees received an e-mail announcing “some significant actions.” They were instructed to stay home and attend a “Zoom webinar at 8:30 a.m.” Everyone knew what was coming—mass layoffs.

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