Vice Media to Lay Off Hundreds of Workers

The New York Times ^ | Feb 23, 2024 | Benjamin Mullin

[Salman]

Executives at Vice Media are planning to lay off several hundred of its more than 900 employees over the next week, eliminating staff from its digital publishing division, according to a company memo sent to staff on Thursday from Bruce Dixon, the chief executive.

The cuts will be the latest in a series of severe cutbacks that the company has endured in recent years, winnowing the globe-spanning digital colossus to a husk of its former self. Over the past half-decade, Vice has had near annual layoffs and mounting losses, and has filed for bankruptcy, making it the poster child for the battered digital-media industry.

When Vice emerged from bankruptcy last year, some observers hoped its new owners — a consortium led by the private-equity firm Fortress Investment Group — would reinvest to return the company to growth.

...

[Steely Tom]

Guess the venture capital ran out.

They got a lot of money from Soros.

[Fungi]

How sweet it is! —Jackie Gleason

[cgbg]

Article:

“reinvest to return the company to growth”

They did invest—and lost their shirts.

Wishing and hoping against all evidence is not a great strategy.

[Shady]

Aw. 🎻

[No name given]

It’s always nice to see leftist companies failing.

[No name given]

Now if only someone or something would defund Gyorgy boy.

[Karliner]

They were riding on the coattails of Biden’s 81 million and Bidenomics. What happened?

[xp38]

Severe cutbacks....yep has a sweet sound for sure.

[xp38]

I think we could recycle the Brandon line...winter of severe illness and death for the media these days.

[Secret Agent Man]

/happy dance

[rllngrk33]

Die media scum, Die!

[Chode]

somewhere, Gavin McInnes is laughing...

[PeterPrinciple]

https://www.cnn.com/2023/06/22/media/vice-acquired-bankruptcy/index.html

Vice Media, once worth billions, set to be acquired out of bankruptcy by its creditors for $350 million

[DarrellZero]

And nothing of value was lost that day...

[Impala64ssa]

[Reverend Wright]

LOL !

[Swanks]

Maybe they can train for coal mining.

[Col Freeper]

[Vice Media to Lay Off Hundreds of Workers]

No, no NYT.

The Correct Headline is:

Vice Media to Lay Off Hundreds of WOKERS!

[Col Freeper]

Laid off Vice Wokers in an email discussion between themselves about how "unfair" it is for them to lose their ability to spew lies across the Interwebs: