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posted by mrpg on Saturday February 02 2019, @02:00AM   Printer-friendly
from the so-long-and-thanks-for-nothing dept.

Vice Media to Reorganize, Lay Off 10 Percent of Staff

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

Around 250 jobs are expected to be cut, a company spokeswoman tells The Hollywood Reporter, as the 2,500-person Vice reduces redundancies internationally and reorients to focus on growth areas like film and television production and branded content. All departments at every level are expected to have layoffs, from IT to finance to television.

[...] It is crucial that Vice, which the Wall Street Journal reported in November was on track to bring revenue between $600 million and $650 million in 2018, become profitable as investors get antsy for the company to find a buyer. Disney took a $157 million write-down on its Vice stake in November.

Also at TechCrunch.

Another link from AC: Newsflash: The Trump Curse? Vice Media Cuts 10% of Staff after HuffingtonPost & BuzzFeed Layoffs

Related: BuzzFeed to Cut 15% of Staff in New Round of Layoffs
Over 1,000 Media Jobs Lost in One Day


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  • (Score: 2) by takyon on Saturday February 02 2019, @02:45AM (9 children)

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday February 02 2019, @02:45AM (#795284) Journal

    Sounds like you have karma on your mind. Maybe you should cultivate your qi instead.

    Or... learn to code.

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  • (Score: 3, Insightful) by RandomFactor on Saturday February 02 2019, @03:40AM (8 children)

    by RandomFactor (3682) Subscriber Badge on Saturday February 02 2019, @03:40AM (#795307) Journal

    I thought Learn to Code was a meme being thrown at laid off journalists?
    .
    (the explanation I saw is that journalists were insensitive to middle Americans losing jobs in years past and gave advice like 'learn to code' and this is a turnabout meme.)
    .
    Joy.

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    • (Score: 5, Interesting) by takyon on Saturday February 02 2019, @03:54AM (7 children)

      by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday February 02 2019, @03:54AM (#795309) Journal

      https://thinkprogress.org/learn-to-code-decoded-the-campaign-against-laid-off-journalists-is-harassments-new-frontier-20725ddd480a/ [thinkprogress.org]
      https://newrepublic.com/article/153019/fetid-right-wing-origins-learn-code [newrepublic.com]

      It's causing butthurt on a level not seen since the NPC meme. I also wonder what our own MDC hater has to say about it.

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      • (Score: 0) by Anonymous Coward on Saturday February 02 2019, @04:29AM

        by Anonymous Coward on Saturday February 02 2019, @04:29AM (#795315)

        You know when the irony is so thick it manifests in the air around you and you can smack your lips around and taste it, it's just delicious.

      • (Score: 0, Troll) by Anonymous Coward on Saturday February 02 2019, @04:44AM (2 children)

        by Anonymous Coward on Saturday February 02 2019, @04:44AM (#795317)

        It is interesting how your posting pattern shifted once aristarchus outed you.

        • (Score: 0) by Anonymous Coward on Saturday February 02 2019, @05:03AM

          by Anonymous Coward on Saturday February 02 2019, @05:03AM (#795320)

          It is interesting how your posting pattern shifted once aristarchus outed you.

          Well then, this aristarchus whom you speak of sounds like quite the shitlord.

          Regardless of whether the OP is a homosexual, it was very rude of aristarchus to out this person who had chosen to remain in the closet.
        • (Score: 2) by takyon on Saturday February 02 2019, @05:10AM

          by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday February 02 2019, @05:10AM (#795321) Journal

          Yawn!

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      • (Score: 3, Interesting) by HiThere on Saturday February 02 2019, @05:15AM

        by HiThere (866) Subscriber Badge on Saturday February 02 2019, @05:15AM (#795324) Journal

        Yeah, and it's advice I don't like. Of course, if they were willing to replace the H1B's...

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      • (Score: 3, Informative) by RandomFactor on Saturday February 02 2019, @10:33AM (1 child)

        by RandomFactor (3682) Subscriber Badge on Saturday February 02 2019, @10:33AM (#795352) Journal

        Apparently so. Railing against nazis and white supremacists while decrying right wing dog whistles.

        4chan's probably howling.

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        • (Score: 2) by cubancigar11 on Sunday February 03 2019, @07:10AM

          by cubancigar11 (330) on Sunday February 03 2019, @07:10AM (#795629) Homepage Journal

          That article explaining 'brigading' is gold! I wonder if this blindness towards brigading when it was done towards non-politically-correct (NPC? Hehehe) minority groups by calling them nazi, having their social media account deactivated or get them demonetized and banned, calling them nazi... is malicious or just these people really are that blind because of poor education. I mean, they are journalists, they are supposed to know more, right?