Posted 2/22/2024, 10:30:00 PM
Vice Media Confirms Hundreds of Layoffs, Vice.com Shutdown as Company Restructures Content Model
- Vice Media CEO confirms "several hundred" layoffs and that Vice will no longer publish content on vice.com, instead selling content to other outlets
- Vice News top editor tells staff he hasn't gotten clarity from management on whether flagship website will shutter
- Editors say they still don't have budgets for the year and staff worried about getting paid and losing access to laptops
- Changes sparked by a companywide data compliance update unrelated to other business decisions
- Vice filed for bankruptcy last year, ended its flagship news show, and sold itself to an investment group including Soros Fund Management