The Washington Post announced that its CEO and publisher, Will Lewis, is stepping down immediately. This news follows major staff layoffs at the paper, angering many readers. Lewis served two years but faced sharp criticism from subscribers and employees during his leadership. He was trying to fix the paper's financial losses but couldn't turn things around. Lewis, from England, is replaced by Jeff D’Onofrio. D’Onofrio is a former CEO of the social media site Tumblr and joined the Post last year as chief financial officer. In an email to staff, Lewis said it was "the right time for me to step aside." The Post only said D’Onofrio takes over "effective immediately." Earlier this week, the paper cut about 300 jobs, roughly 40% of its 800 journalists, including many overseas, local, and sports reporters. The entire Middle East team and the Ukraine war correspondent based in Kyiv lost jobs. Departments like sports, graphics, and local news were also reduced. Even the daily podcast Post Reports was stopped. Hundreds protested outside the Post headquarters in Washington in response to the cuts. Newspapers across the US struggle with falling income as social media draws readers and online ad earnings are low. While The New York Times and The Wall Street Journal stay strong financially, the Post has not, despite billionaire Jeff Bezos' backing. In his note to employees, Lewis said "difficult decisions have been taken" to protect the Post's future and continue publishing high-quality, nonpartisan news for years to come.