Layoffs Hit Washington Post Mobile Team
imac.usr writes "The Huffington Post is reporting that The Washington Post has gone through yet another round of layoffs, but this time instead of cutting editorial positions, they're apparently cutting IT positions, specifically in the mobile applications department. According to Washington, DC media blog FishbowlDC, 54 people, including the General Manager of Mobile and Director of Mobile Products, were given the axe on Valentine's Day. A particularly damning quote from the FishbowlDC article: '"[CIO and VP Shaliesh] Prakash thinks these are 'inefficiencies' – that is the exact word he uses for human beings who are not useful according to him," said a source who spoke only on condition of anonymity. "Get rid of experienced people to save money, under the garb of streamlining is the new trend inside the Post."' Given that mobile products seem somewhat more likely to succeed than printed newspapers, this seems a strange decision at best."
I wonder if CmdrTaco is the source.
Here's the result cascading into anything connected with it & the "holy dollar" in publicly held companies (no small wonder Micheal Dell's attempting to BUY BACK the company he started - my guess is, even HE realizes it's a road to eventual ruin, & allows the WORST "virus of the spirt" as I call it, in greed, to take over everything).
* "Welcome to the WORLD, in 2013", folks...
More like welcome to the world of working for a for profit business at any time in history. The Washington Post needs to make money or it goes out of business. There are three ways the mobile platforms model can help with that: (1) They could contribute to the subscriber base (2) they could sell ads (3) They could create buzz about stories and link to stories that sell ads.
To pay 54 people including a CIO and a General Manager, you'd need to be generating a lot of money from the mobile business -- more than $5M per year. Obviously top management at the WP took a look at how much money they could possibly be generating out of their mobile business and concluded that it wasn't generating that much money and didn't have any prospect of generating that much money any time soon, nor a plan to do so.