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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
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])
To: Salman
How sweet it is! —Jackie Gleason
3
posted on
02/24/2024 1:15:09 PM PST
by
Fungi
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)
To: Salman
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...)
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)
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)
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)
To: Fungi
Severe cutbacks....yep has a sweet sound for sure.
9
posted on
02/24/2024 1:47:29 PM PST
by
xp38
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
To: Salman
11
posted on
02/24/2024 2:01:16 PM PST
by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: Salman
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.)
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)
To: Salman
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.)
To: Salman
And nothing of value was lost that day...
To: Salman
16
posted on
02/24/2024 2:27:13 PM PST
by
Impala64ssa
(EVERY TIME A HEMI STARTS, AN EV DIES!)
To: Fungi
17
posted on
02/24/2024 2:35:39 PM PST
by
Reverend Wright
( Everything touched by progressives, dies !)
To: Steely Tom
Maybe they can train for coal mining.
18
posted on
02/24/2024 2:36:44 PM PST
by
Swanks
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.)
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:
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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