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Vice Media Lays Off 155 Staffers In Effort To Address Digital “Imbalance”

Dade Hayes Nancy Dubuc tv video film broadway

08.07.2020 - 17:39

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By Dade Hayes Finance Editor Vice Media is laying off 55 U.S. staffers and about 100 more internationally as it faces uncertainty due to COVID-19.

The moves are the result of a need to shore up the company’s digital business, CEO Nancy Dubuc said Friday in a memo to employees. “The reality is that some tough decisions had to be made primarily around our digital teams,” Dubuc said. “Currently, our digital organization accounts for around 50% of our headcount costs, but only brings in about 21% of our revenue.

Looking at our business holistically, this imbalance needed to be addressed for the long-term health of our company.” Dubuc added that 90% of roles in the digital operation were preserved through various efforts and the group will now

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08.07.2020 / 17:48

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