In a rare public rebuke, former executive editor Marty Baron condemned the deep staff cuts and strategic shifts ordered by owner Jeff Bezos, calling the move a betrayal of the newspaper's journalistic mission.
Following the elimination of over a third of its staff, Washington Post Editor-in-Chief Matt Murray publicly supports owner Jeff Bezos, framing the cuts as a necessary step for the newspaper's future viability and growth.
Deep cuts at The Washington Post have triggered industry-wide alarm and calls for Jeff Bezos to sell, but sources close to the billionaire suggest a sale is not imminent. The void left by the Post's retreat is already being filled by new ventures and displaced journalists.
The Washington Post, owned by Jeff Bezos, has initiated sweeping layoffs affecting up to a third of its workforce, including hundreds in the newsroom. The cuts, impacting all departments, mark a profound shift for the 147-year-old institution as it grapples with steep financial losses and a declining subscriber base.
In a scathing critique, former executive editor Marty Baron lambasts owner Jeff Bezos's stewardship, linking strategic missteps to a wave of layoffs and diminished ambitions at the historic newspaper.
The Washington Post has initiated a major restructuring, resulting in hundreds of layoffs across its newsroom, including the closure of its storied sports desk. The move comes despite direct appeals from reporters to owner Jeff Bezos and signals a sharp strategic pivot.
Brad Karp has stepped down as chairman of elite law firm Paul, Weiss, Rifkind, Wharton & Garrison, citing media scrutiny over his past social interactions with the late financier and convicted sex offender Jeffrey Epstein as a 'distraction' for the firm.
In a candid interview, Microsoft co-founder Bill Gates labels his past interactions with convicted sex offender Jeffrey Epstein as "foolish," while forcefully denying newly surfaced allegations linked to the financier. His ex-wife Melinda French Gates also reflects on the personal toll of the scandal.
Investment firm Jefferies raised its price target for SLB (NYSE: SLB) to $58, maintaining a Buy rating, as the oilfield services giant benefits from a valuation rebound and a major contract win in Oman.
Analysts at Jefferies have downgraded consumer health giant Kenvue to Hold, slashing their price target to $18. The move follows overwhelming shareholder approval for its acquisition by Kimberly-Clark and reflects concerns over limited upside and ongoing litigation risks.
In a recent interview, Microsoft co-founder Bill Gates has publicly addressed his past meetings with the convicted sex offender Jeffrey Epstein, describing the association as a 'dead end' and expressing regret for 'every minute' spent with him.
Jeff Wang, the former head of Sequoia Capital's global equities business, is poised to launch Augnition Global Investors, a long-short equity fund that has become the talk of Morgan Stanley's exclusive Breakers conference, with expectations of raising over $1 billion.
A digitally fabricated image claiming to depict Nigel Farage with the late financier Jeffrey Epstein has circulated online. Fact-checkers find no verifiable source for the photo, and Farage has previously denied ever meeting Epstein.
Paycom Software reinstates former sales leader Jeff York as Chief Sales Officer, a move analysts say sharpens the HCM provider's focus on sales discipline and client expansion amid competitive pressures.
Newly released court documents show Goldman Sachs General Counsel Kathryn Ruemmler accepted luxury gifts from Jeffrey Epstein and offered him public relations advice for years after his first conviction, referring to the financier as "Uncle Jeffrey" in private emails.
Recently released court documents show convicted financier Jeffrey Epstein invested in Bitcoin infrastructure company Blockstream in 2014 and invited its co-founders to his private Caribbean island, raising fresh questions about the tech sector's ties to the disgraced figure.
Newly released court documents show the late financier Jeffrey Epstein invested $3 million in cryptocurrency exchange Coinbase in 2014 through a venture capital fund, raising fresh questions about Silicon Valley's due diligence practices during the industry's early boom years.
House Democratic Leader Hakeem Jeffries sharply criticized Republican redistricting efforts in Texas, arguing their aggressive map-drawing will backfire and leave them short of their goal to flip five congressional seats in the next election cycle.
Jefferies has downgraded Amicus Therapeutics to 'Buy' from 'Hold' and trimmed its price target to $14.50, aligning it with BioMarin's pending $4.8 billion acquisition offer. The move reflects analyst skepticism about competing bids emerging for the rare disease biotech firm.
The Washington Post has laid off hundreds of employees, representing about a third of its newsroom. Among the casualties is Caroline O'Donovan, the reporter who covered Amazon—the tech giant owned by the paper's own proprietor, Jeff Bezos. The cuts signal a dramatic shift for the historic publication.
