The Washington Post announced it will lay off nearly 100 workers, or 4% of its staff, in an attempt to stem growing losses, according to media reports. The cuts reportedly will affect mainly employees on the business side of the storied US newspaper owned by Amazon founder Jeff Bezos.

The owner of the "Washington Post," Jeff Bezos, announced the redundancy of about four per cent of the newspaper's staff, equating to nearly 100 people, reported the BBC News portal on Wednesday. Media outlets suggest this decision will likely worsen the already severe crisis within the well-known newspaper's editorial office.