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Vice Media to Lay Off Hundreds of Workers
The New York Times ^ | Feb 23, 2024 | Benjamin Mullin

Posted on 02/24/2024 1:14:11 PM PST by 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.

...

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: homosexualagenda
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1 posted on 02/24/2024 1:14:11 PM PST by Salman
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To: Salman

Guess the venture capital ran out.

They got a lot of money from Soros.


2 posted on 02/24/2024 1:14:59 PM PST by Steely Tom ([Voter Fraud] == [Civil War])
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To: Salman

How sweet it is! —Jackie Gleason


3 posted on 02/24/2024 1:15:09 PM PST by Fungi
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To: Salman

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.


4 posted on 02/24/2024 1:21:51 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: Salman

Aw. 🎻


5 posted on 02/24/2024 1:25:20 PM PST by Shady (The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
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To: Salman

It’s always nice to see leftist companies failing.


6 posted on 02/24/2024 1:29:34 PM PST by No name given (Anonymous is who you’ll know me as)
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To: Steely Tom

Now if only someone or something would defund Gyorgy boy.


7 posted on 02/24/2024 1:30:05 PM PST by No name given (Anonymous is who you’ll know me as)
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To: Salman

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


8 posted on 02/24/2024 1:43:27 PM PST by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
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To: Fungi

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


9 posted on 02/24/2024 1:47:29 PM PST by xp38
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To: Karliner

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


10 posted on 02/24/2024 1:50:01 PM PST by xp38
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To: Salman

/happy dance


11 posted on 02/24/2024 2:01:16 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: Salman

Die media scum, Die!


12 posted on 02/24/2024 2:04:30 PM PST by rllngrk33 (The soap box and ballot box have failed, time for the bullet box is fast approaching.)
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To: Salman

somewhere, Gavin McInnes is laughing...


13 posted on 02/24/2024 2:07:30 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Salman

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


14 posted on 02/24/2024 2:08:49 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Salman

And nothing of value was lost that day...


15 posted on 02/24/2024 2:13:02 PM PST by DarrellZero
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To: Salman



16 posted on 02/24/2024 2:27:13 PM PST by Impala64ssa (EVERY TIME A HEMI STARTS, AN EV DIES!)
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To: Fungi

LOL !


17 posted on 02/24/2024 2:35:39 PM PST by Reverend Wright ( Everything touched by progressives, dies !)
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To: Steely Tom

Maybe they can train for coal mining.


18 posted on 02/24/2024 2:36:44 PM PST by Swanks
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To: Salman
[Vice Media to Lay Off Hundreds of Workers]

No, no NYT.

The Correct Headline is:

Vice Media to Lay Off Hundreds of WOKERS!

19 posted on 02/24/2024 3:19:51 PM PST by Col Freeper (Praise and Trust in the LORD in All Things at All Times.)
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To: Impala64ssa
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:

Headbang2

20 posted on 02/24/2024 3:25:21 PM PST by Col Freeper (Praise and Trust in the LORD in All Things at All Times.)
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