Posted 2/22/2024, 11:49:00 PM
Vice Shuts Down Website, Lays Off Hundreds as It Shifts Focus to Video Production
- Vice Media is shutting down its website Vice.com and shifting focus to Vice Studios production business
- This involves laying off hundreds of Vice employees across the company
- Vice is also in the process of selling the women's site Refinery29 which it acquired in 2019
- The shutdown of Vice.com and layoffs are part of strategic changes to cut costs and partner with other media for content distribution
- CEO Bruce Dixon says these "difficult decisions" are necessary for Vice's "long-term creative and financial success"