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.
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(Excerpt) Read more at nytimes.com ...
decapitate
/.02
I need a t shirt that says that. “Survivor of the winter of severe illness and death.”
Read the full Tess Owen post, the Gavin’s most excellent response.
https://twitter.com/XGavinMcInnes/status/1760906072460566788
lol, OH Yeah...
LOL, yeah, I KNEW you’d like that!
and next — Green Shoots!
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