Valin Posted May 15, 2020 Share Posted May 15, 2020 Adweek Scott Nover May 15 2020 Vice Media CEO Nancy Dubuc announced today that the media company will lay off 155 employees, starting with 55 staffers in the U.S. today and 100 more international employees in the coming weeks. In a letter to staff, Dubuc reportedly noted the economic hardships for the media business, which have been even more pronounced amid the Covid-19 pandemic. “The reality is that some tough decisions had to be made primarily around our digital teams. Currently, our digital organization accounts for around 50% of our headcount costs, but only brings in about 21% of our revenue.” She said Vice will cut 10% of its digital staff, and more employees will be moved to its “growing news division.” (Snip) ____________________________________________________________________________________ Link to comment Share on other sites More sharing options...
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