Vice Media Announces Hundreds of Layoffs, Pivots Business Model Away from Vice.com Publishing
• Vice Media Group CEO Bruce Dixon announced hundreds of layoffs and discontinuing vice.com publishing
• Dixon appointed CEO in December 2023 after previous CEO Hozefa Lokhandwala resigned
• Transitioning to "studio model" with content partnerships to distribute digital content
• Emphasizing social channels for content instead of vice.com publishing
• In advanced talks to sell Refinery29, another VMG property catering to young demographics