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 Washington Post is laying off around 4% of its workforce, the company announced on Tuesday — the latest blow to the newspaper that has seen steep financial losses as well as an exodus of top talent from a newsroom that has grown increasingly alienated from owner Jeff Bezos and publisher Will Lewis.

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,