Vice lays off 155, as COVID-19 continues to slam media revenue

Vice lays off 155, as COVID-19 continues to slam media revenue

4 years ago
Anonymous $-9GJQVHNr8

https://techcrunch.com/2020/05/15/vice-lays-off-155-as-covid-19-continues-to-slam-media-revenue/

In a memo titled “The Course Ahead,” Vice Media Group CEO Nancy Dubuc announced a large round of layoffs to staff. The number includes 155 workers — 55 of whom will lose their jobs today. The remaining 100, meanwhile, will be let go in the coming weeks. The figure comprises around 5% of the company’s overall headcount.

Dubuc cites “tough decisions” in the memo, noting that the company has “done absolutely everything we could to protect these positions for as long as possible, and your time and contributions will forever be part of who we are and who we will become.”

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