Vice Media started one other spherical of layoffs on Thursday, with cuts impacting fewer than 20 folks at Vice Digital and Refinery29, a person with data of the matter informed Sarkarijob.
In a memo to employees obtained by THR, Vice Media’s chief digital officer, Cory Haik, attributed the layoffs to a “international alignment” taking place throughout the corporate.
“We’ve sadly needed to say goodbye to a few of our buddies and colleagues as we speak,” Haik wrote. “We want them effectively and thank them for his or her devoted service through the years.”
The layoffs come as Vice has been present process a change in technique emphasizing movies and visible storytelling to focus on youthful audiences.
“You’ll be able to’t be a youth media firm should you’re not centered on the place the youth are consuming media,” Haik informed The New York Occasions final month. “And an increasing number of, that’s off-platform, that’s built-for-mobile.”
Underneath the management of CEO Nancy Dubuc, Vice has additionally explored going public by way of a particular goal acquisitions firm. However in response to a July report from The Data, Vice has struggled to boost further funding amid considerations about its reported $2.5 billion valuation, which is already a marked lower from its $5.7 billion valuation again in 2017.
Final 12 months, Vice laid off 155 workers, with the cuts largely impacting the corporate’s digital groups.
(Disclosure: The creator was employed by Vice between 2019 to 2020.)