Feb. 4 (UPI) -- More than 300 reporters and others are being let go from The Washington Post amid financial troubles, the Jeff Bezos-owned company announced on Wednesday.

The firings amount to about a third of the total workers at the award-winning newspaper that once broke the Watergate break-in and other important news events.

"The Washington Post is taking a number of difficult but decisive actions today for our future in what amounts to restructuring across the company," a Washington Post spokesperson told NBC News.

In 2013, Amazon owner Bezos bought the newspaper, which had fired about 400 workers over the past three years, according to The Washington Post Guild, which represents the newspaper's staff.

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