Vice Media Hit with Huge Layoffs, 250 Workers Let Go

Breitbart ^ | 2/1/2019 | Joshua Caplan

[Beave Meister]

Vice Media CEO Nancy Dubuc announced to employees Friday morning that the news outlet will slash its headcount by 10 percent as part of a “strategic” restructuring.

A Vice Media spokesperson told The Hollywood Reporter that 250 of its 2500 staffers will be let go to refocus its growth efforts in production and branded content. Employees from departments, including finance and IT, are expected to be impacted by the decision.

“Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks,” Dubuc (pictured) wrote in a company-wide memo. “We will make Vice the best manifestation of itself and cement its place long into the future.”

In an October interview, Dubuc spoke in great length about management’s forthcoming plans to restructure Vice Media and would not rule out additional layoffs as being part of the strategy. The media outfit fired 60 staffers, which amounted to 2 percent of its workforce, in July 2017 after a $450 million investment by TPG.

[jjotto]

Has to be some kind of money-laundering.

[lodi90]

Probably tech bubble related. Isn’t Vice making documentaries/movies for Netflix or somebody? I don’t recall the details.

[lodi90]

DNCNN has 3,000 employees. So Vice had almost as many employees as CNN. Unreal.

[The Antiyuppie]

“They have such wonderful futures as Barristas to look forward to.”

Not sure about this; that job requires some level of dicipline and skill.

[GraceG]

I wonder if the “Mockingbird Money” is drying up??????

[joma89]

More dying, leftist media! Winning!

I cheer these leftists losing their jobs. Maybe they should learn to code just like they said coal miners should when obama and hillary taxed coal companies into oblivion.

JoMa

[kearnyirish2]

Part of this is cyclical; they’ll be back for the 2020 election.

[Albion Wilde]

Is that not a career position for Gender Studies majors?

Ramping up new curricula in Trans Men's Tampon Studies as we speak!

[HotHunt]

".... You don't suppose we are winning, do you?..."

My theory is that we are winning back some ground in this war of words.

The further left these media outlets go to keep up with the fast-moving-to-the radial-left of the democRATic Party, the more ridiculous and un-American they are sounding to the general public.

This insanity in the democRATic Party will pass. Reasonable people will eventually prevail, if not by words then by force. It will be messy and even bloody.

The pendulum always swings back in the other direction when it reaches the end of its arc.