Vice Media Group is beginning a restructuring process that will see the departure of a number of employees. The youth-skewing broadcaster is undergoing its latest round of layoffs this year as it winds down a number of long-running news programs.
Sources told Deadline that less than 100 people are impacted. Vice CEOs Bruce Dixon and Hozefa Lokhandwala revealed the news in a memo sent to staff this morning, which Deadline has obtained a copy of (see below).
It comes as Vice on Showtime was canceled after season four and Vice News Tonight ended. Dixon and Lokhandwala were named co-CEOs in February following the departure of Nancy Dubuc.
From there, they’ve had a busy year, laying off staff in April with the cancelation of Vice News Tonight, and in August following its bankruptcy sale.
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