Jan 7 (Reuters) - 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, a spokesperson said, while suggesting the job cuts

will not impact its newsroom.

The newspaper, owned by Amazon.com ( AMZN ) founder Jeff

Bezos, is among many news outlets struggling to maintain a

sustainable business model in the decades since the internet

upended the economics of journalism and caused a sharp decline

in digital advertising rates.

The Post has seen a decline its digital readership and

reported a $77 million loss in 2023.

"The Washington Post is continuing its transformation to

meet the needs of the industry, build a more sustainable future

and reach audiences where they are," the spokesperson said in an

emailed statement.

In 2023, executives at The Post offered voluntary buyouts

across the company to reduce employee headcount by about 10% and

shrink the size of the newsroom to about 940 journalists.

The Associated Press also said in November it would lay off

about 8% of its workforce.

The Post, which appointed William Lewis as its CEO in early

2024, had decided not to endorse a candidate in the November

U.S. presidential election, leading to more than 200,000 people

canceling their digital subscriptions.

Bezos defended the move not to issue an endorsement, saying

in an opinion piece in the paper that "most people believe the

media is biased", and the Post and other newspapers need to

boost their credibility.