Vice Media is laying off about 10% of its total workforce, Deadline confirmed Friday. This comes a week after BuzzFeed’s similar staff reduction and is the latest signal of scale-backs in what was maybe a too-fast-growing sector.
CEO Nancy Dubuc revealed the movie in a memo to staff Friday. It comes after the last round of layoffs in November of about the same amount; at the time those moves including a hiring freeze at the Brooklyn-based company aiming at millennial demos.
“Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks,” Dubuc wrote in the memo, obtained first by THR. “We will make Vice the best manifestation of itself and cement its place long into the future.”
Last week, similar cuts swept through HuffPost (via Verizon) and Gannett. Media outlets reported Friday the number of Vice layoffs is pegged around 250. BuzzFeed’s total was about...
CEO Nancy Dubuc revealed the movie in a memo to staff Friday. It comes after the last round of layoffs in November of about the same amount; at the time those moves including a hiring freeze at the Brooklyn-based company aiming at millennial demos.
“Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks,” Dubuc wrote in the memo, obtained first by THR. “We will make Vice the best manifestation of itself and cement its place long into the future.”
Last week, similar cuts swept through HuffPost (via Verizon) and Gannett. Media outlets reported Friday the number of Vice layoffs is pegged around 250. BuzzFeed’s total was about...
- 2/1/2019
- by Patrick Hipes
- Deadline Film + TV
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