Media layoffs: Why journalists can lose their past work along with their jobs
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Vice Media will lay off hundreds of employees and stop publishing on its website, the company’s leadership announced this week. CEO Bruce Dixon said, “It is no longer cost effective to distribute our digital content the way we have done previously,” in a memo sent to employees and shared with several media outlets Thursday. Vice…
Vice Media will cease publishing to its website and lay off several hundred staffers as the beleaguered publisher makes “fundamental changes” to its “strategic vision” under its new private equity ownership, chief executive Bruce Dixon announced Thursday in a memo to staff.
Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs. "Regrettably, this means that we will be reducing our workforce, eliminating several hundred positions."