The owner of the "Washington Post," Jeff Bezos, announced the layoff of about four percent of the newspaper's employees, which amounts to close to 100 people, as reported by BBC News on Wednesday. Media outlets note that this decision will likely exacerbate the already serious crisis in the newspaper's editorial office.

The Washington Post on Tuesday laid off roughly 100 employees across its business division, the latest indication of the newspaper’s financial woes after subscribers and staffers revolted over owner Jeff Bezos’s decision to block an endorsement of Vice President Kamala Harris.

The Washington Post said on Tuesday it would lay off about 4% of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses. The newspaper is making changes across several business functions,

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes across several of its business functions and would result in the reduction of up to 100 employee roles.

The Washington Post announced that it is eliminating less than 100 positions, in layoffs that will impact about 4% of its total staff. A Post spokesperson indicated that the job reductions would be in the business side of the publication.