Posted 2/23/2024, 11:49:00 AM
Vice Media to Lay Off Hundreds, Shift Business Model Away from Vice.com Publishing
- Vice Media plans to lay off several hundred employees and will no longer publish on Vice.com
- The company filed for bankruptcy last year before being sold for $350 million
- Vice is looking to sell its Refinery29 publishing business
- The layoffs are part of Vice's shift to a studio model focusing more on social channels
- This continues financial struggles for digital media companies like BuzzFeed and Jezebel which have recently had cuts