Days after a round of layoffs at BuzzFeed rocked the digital media industry, Vice is following suit, cutting 10% of its staff amid a company-wide reorganization. The layoffs will affect 250 employees in all departments, and at every level.
Vice
- After Laying Off 250 Staffers, Vice Is Now Looking To Raise $200 Million (Report)
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Vice To Cut 10% Of Workforce, Becoming Latest Digital Giant Hit By Layoffs
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Vice To Reduce Staff By 15%, Slash Number Of Content Verticals In Half Over Next Year
Amid roughly flat revenues of $625 million in 2018, Vice will seek to reduce its overall headcount by 15% over the next year, and also slash the number of its digital brands in half.
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Vice Media President Andrew Creighton Exits Months After Sexual Harassment Investigation
Despite the fact that Creighton was cleared of any wrongdoing by an independent investigation conducted by Vice, he has opted to leave the company nevertheless.
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- Vice CEO Shane Smith To Be Replaced By Former A&E Chief Nancy Dubuc (Report)
- Esports Held Its Own Upfront In New York City, As Brands Like L’Oreal Carefully Plan Their Entry
- Vice Chief Digital Officer, Previously Suspended After Report Of Sexual Misconduct, Will Not Return To Role
- Funny Or Die Cuts Staff For The Second Time In Two Years
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