Not Much Holiday Cheer at the Washington Post

From a Washington Post column by Erik Wemple headlined “Holiday gloom at The Washington Post”:

In December 2006, David Carr, the media columnist for the New York Times, wrote a column about The Washington Post and mentioned that layoffs could be in the works. Leonard Downie Jr., then The Post’s executive editor, responded with fury: “We want to quash any stupid, false rumors like this one,” said Downie.

That didn’t mean The Post wasn’t slashing its payroll. Thanks to its rich pension fund, the company laid out a series of buyouts in the 2000s — generous packages bulging with cash and health benefits — that aging Posties had trouble resisting. But at least they weren’t layoffs.