Stories
Slash Boxes
Comments

SoylentNews is people

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


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (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.