The Washington Post is reportedly up for sale as billionaire Jeff Bezos is rumored to sell the left-leaning newspaper in order to finance his plans to buy the NFL team Washington Commanders.

Quoting a source with firsthand knowledge of the matter, The New York Post reported, that the Washington Post is courted by at least “one logical suitor”, who intends to submit a proposal. The source, however, declined to identify the potential buyer.

Another newspaper buyer and seller claimed that they heard “rumors” that Bezos might be looking to sell off the newspaper.

However, the Amazon founder’s spokesperson has issued a statement, denying the rumors of a possible sale.

A journal spokesperson, which is owned by News Corp, the same corporation that owns the New York Post, also denied the alleged sale.

In its report, the New York Post claimed that Bezos, who bought the Washington Post for $250 million in 2013, was ‘looking to clear the way’ to get the Commanders from embattled owner Dan Snyder.

The Washington Commanders, who have won three Super Bowls, lifting the Lombardi Trophy in 1983, 1988 and 1992, are viewed by potential investors as a sleeping giant franchise in a major market.

Reports say that Bezos may have trouble striking a deal with Commanders’ owner Dan Snyder, who reportedly is not a big fan of the billionaire’s newspaper and is still irate about the Washington Post’s series of disclosures exposing the toxic management culture of the NFL team.

The expose had reported that Commanders’ bosses, including Dan Snyder are allegedly responsible for enabling sexual harassment.

Read Also: Telugu actor Sudheer Varma, 33, commits suicide by consuming poison; Sudhakar Komakula and other co-stars, directors offer condolences

The New York Post report added that Front Office Sports reported that Snyder has hired Bank of America, which “continues to court Bezos — even if there are indications that Snyder doesn’t want to sell” to the billionaire.

Apparently, the Commanders accepted first-round bids from potential buyers last week, but Bezos, who supposedly has been in negotiations with Jay-Z to form a buyout partnership, wasn’t one of them.

Bezos has publicly stated that owning a newspaper was never his goal. In order to ensure financial stability and spur online expansion, the Amazon founder was persuaded to purchase the Washington Post by its former owner Donald Graham in 2013.

The billionaire has said multiple times that football is his favorite sport.

Despite experiencing expansion quickly under Bezos with massive coverage, Washington Post apparently planned to lose money in 2022 after years of profits as circulation dwindled after the end of the Trump administration.

In November, Jeff Bezos, in an interview with CNN, said he plans to donate the majority of his wealth to charitable causes within his lifetime.

PM Modi BBC documentary screened inside Hyderabad University campus

SpiceJet passenger arrested for harassing crew, video viral | WATCH

In the latest series of layoffs by major tech giants, Google parent company Alphabet Inc. is cutting 12,000 jobs, a report said on Friday.

According to a staff memo by Alphabet’s chief executive Sundar Pichai, Google is letting go 12,000 employees which would impact its US and global staff immediately, Reuters reported.

In his letter, Pichai said that the company took a “rigorous review across product areas” to ensure that current roles are aligned with the company’s highest priorities.

Pichai’s letter highlights that the company will ensure a smooth “transition” for the impacted workers.

Google will pay employees during the full notification period (minimum 60 days). It says that it would offer a severance package starting at 16 weeks’ salary plus two weeks for every additional year at Google. Entitled workers will also receive bonuses and healthcare benefits as per their contracts. On the other hand, Google workers outside the US will receive a severance package as per their contracts and local guidelines.

The letter adds that Google will organize a town hall with employees on Monday.

The cuts come mere days after rival Microsoft said it would lay off 10,000 workers and the latest to shake the technology sector.

According to the report, the job cuts affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.

Read Also: Air India pee gate: DGCA imposes Rs 30 lakh fine on airline for violating rules, suspends license of pilot-in-command for 3 months

The news comes during a period of economic uncertainty as well as technological promise, where Google and Microsoft have been investing in a fledgling area of software known as generative artificial intelligence.

Earlier this week, Microsoft said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession.

The layoffs add to the tens of thousands announced in recent months across the technology sector, which has downshifted following a strong growth period during the pandemic.

The news comes even as the software maker is set to ramp up spending in generative artificial intelligence that the industry sees as the new bright spot.

Microsoft CEO Satya Nadella said which affect less than 5 percent of Microsoft’s workforce, would conclude by the end of March, with notifications beginning Wednesday.

Air India pee gate: DGCA imposes Rs 30 lakh fine on airline for violating rules, suspends license of pilot-in-command for 3 months

Hyundai launches Grand i10 Nios facelift at Rs 5.69 lakh, check updated features and specs

A food delivery platform Swiggy on Friday announced that it is firing 380 employees as a part of its restructuring exercise. CEO Sriharsha Majety sent the mail to impacted employees about its latest layoff plan and called it an extremely difficult decision.

CEO Sriharsha Majety said in a mail that the company is implementing a very difficult decision to reduce the size of their team as a part of a restructuring exercise. The company is laying off 380 talented Swiggsters, read the mail. The CEO has also apologized to its employees for making such a difficult decision.

Swiggy has cited macroeconomic conditions as one of the major reasons for its layoffs. The company said that the lower earnings are a result of the slowdown in the company’s growth rate. However, Swiggy claims to have sufficient cash on hand to cover expenses. The executive has also blamed overhiring for its decision to lay off people.

The CEO further said that the company is exploring all available options and has put together a comprehensive Employee Assistance Plan that will help impacted employees with their financial and physical well-being during the transition.

Read Also: Microsoft fires an Indian employee after over 21 years, here’s what he says in his bittersweet note

CEO Majety further said the company is committed to exploring new business opportunities and is planning to shut down its meat marketplace as the company hasn’t hit product-market fit despite their iterations. Swiggy will, however, continue to provide meat delivery through Instamart, according to the email.

According to the company, affected employees will get a cash reimbursement during the next three to six months which will be based on their tenure and rating. People will either receive an assured three-month salary, 15 days of ex-gratia for each year of service that has been completed, and an outstanding balance of earned leave. To all those who are impacted, Swiggy will at least provide three months of remuneration, including variable compensation or bonuses.

Hyundai launches Grand i10 Nios facelift at Rs 5.69 lakh, check updated features and specs

Advocate files complaint against BBC for PM Modi Gujarat documentary