Posts

Showing posts with the label plans

The Washington Post plans to cut 240 jobs through voluntary buyouts

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...

South Korea launches first commercial-grade satellite, as North Korea plans first spy satellite

South Korea has launched a commercial-grade satellite for the first time as part of its growing space development program, as rival North Korea is pushing to place its first military spy satellite into orbit SEOUL, South Korea -- South Korea successfully launched a commercial-grade satellite for the first time Thursday as part of its growing space development program, as rival North Korea is pushing to place its first military spy satellite into orbit. The two Koreas, technically in a state of war, have no military reconnaissance satellites of their own and both are eager to possess them. The South Korean launch Thursday will likely assist its efforts to develop a space-based surveillance system. The domestically built three-stage Nuri rocket lifted off from a launch facility on a southern island with a payload of eight satellites, including a main commercial-grade satellite whose mission is to verify radar imaging technology and observe cosmic radiation in a near-Earth orbit. Science ...