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The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts in the coming weeks NEW YORK -- The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts, the newspaper announced Tuesday. In an email sent to staff, interim CEO Patty Stonesifer said that The Post had been “overly optimistic” about growth projections for the past two years and into 2024. “We are working to find ways to return our Business to a Health ier place in the coming year,” she wrote. Stonesifer said that the buyouts would be offered to certain jobs and departments, but didn't specify which ones. Eligible employees will be notified after an all-staff meeting Wednesday morning, she said, and can later choose to decline or accept the separation package in the coming weeks. "A much larger group of employees will receive the offer, but acceptances will be capped at approximately 240 people," Stonesifer wrote. She added that the company was taking the volunt...

As a general rule in the NBA, the buyout market is only as good as the trade deadline that preceded it. While it's hardly unheard of for teams to waive veterans they've kept all season, it's not exactly the norm. Even if a losing team has a veteran on an expiring contract, they typically choose to keep that player if he's a locker room fit, and when they are, such players aren't always eager to leave in the middle of the season anyway.  No, the best buyout candidates are almost always forced onto the market through trades. These are players that may have been genuine contributors on their prior teams, but were traded as salary ballast in a bigger deal to a franchise that doesn't need them. When that happens, the player offers to forego a portion of his salary -- often whatever amount he'll make on a prorated minimum deal with somebody else -- in exchange for the right to find a new team...

Elon Musk has returned to the stand for a third day in federal court in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet SAN FRANCISCO -- Elon Musk returned to the stand for a third day Tuesday in a class-action lawsuit brought by Tesla investors who allege he misled them with a tweet about a deal that never happened, testifying that his intent had been to let his shareholders know he was considering a buyout . The 51-year-old billionaire resumed — under the friendly questioning of his own lawyer, Alex Spiro — his staunch defense at a trial centering on two 2018 tweets indicating he had lined up the money to take Tesla private. As Spiro gently prodded him, Musk told the nine-person jury he had stated only that he was “considering" a Tesla buyout but never promised a deal would get done. But, Musk said, he thought it important to get the word out to investors that Tesla might be poised to end its eight-year run as a p...