Washington Post Shutting Down Gaming Section Amid Wider Layoffs
— Launcher (@LauncherWP) January 24, 2023Bezos, who is still worth over $US100 billion ($AU141.9 billion), bought The Washington Post back in 2013 for just $US250 million ($AU354.8 million). His yacht is rumoured to cost twice as much. Despite a boom in paid subscribers during the chaos-filled Trump years, managers at the paper have reportedly been in disagreement over how to expand and grow in the years ahead. This prompted an in-person visit from Bezos last week, where he maintained he was fully committed to the paper and just there to listen. The closure of Launcher comes while companies across the rest of the media shed jobs as the US Federal Reserve attempts to manufacture a recession to appease Wall Street investors. Games media has been hit especially hard, with recent layoffs at IGN, Game Informer, Fanbyte, GameSpot, Giant Bomb, and more. The video game industry, meanwhile, is projected by some analysts to grow to $US300 billion ($AU425.7 billion) by the end of the decade. The Washington Post did not immediately respond to a request for comment.
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