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 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 plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes across several of its business functions and would result in the reduction of up to 100 employee roles.

The Washington Post is cutting 4% of its workforce, equivalent to less than 100 employees as it aims to cut cost, the Jeff Bezos-owned news outlet said Tuesday. According to a spokesperson, the news outlet is making changes across several business functions but suggested the job cuts will not impact its newsroom.