Vice Media Faces Uncertain Future Amid Staff Cuts and Website Changes
Originally Published 1 year ago — by Hollywood Reporter
Vice Media's CEO confirmed plans to lay off "several hundred" staffers and transition to a "studio model," ceasing content publication on vice.com and seeking to distribute digital content through partnerships with other media companies. The company's flagship news website's future remains uncertain following its sale to former bankruptcy lenders, with staff expressing concern and seeking clarity from management. The decision to restructure comes amid a tech update and financial challenges, as Vice Media aims to adapt its strategies for long-term competitiveness.