Human Resources

Toggle

Article

Vice Media to lay off 10% of its workforce

HR Masterclass from Human Resources magazine: High-level HR strategy training workshops
led by the world's most respected HR thought leaders & strategists.
Review the 2019 programme here »

閱讀中文版本

Media company Vice Media has revealed plans to eliminate 250 jobs as part of a reorganisation effort.

Nancy Dubuc, CEO of the Vice Media, announced plans to cut 250 jobs across all departments and levels globally, accounting for 10% of the company’s employees.

The move comes after Dubuc’s note stating the company is setting itself up to shift its business focus to film and TV production.

A Vice Media spokesperson said that any changes in Asia would “happen over the coming weeks and will be across Vice globally” despite the company’s large and engaged audience, commercial partnerships and licensing deals in Asia.

“Asia represents a huge cultural opportunity – and as per the reporting, Vice will be organising through all lines of business, Vice Studios, Virtue, digital, TV, and news, not separated by language, culture and territorial borders,” the spokesperson said.

This is the third digital publisher to announce major dismissals in the past month. In January, Buzzfeed announced cuts that will affect 15% of staff globally, followed by Verizon, which is set to cut 7% of staff from the media division.

The story was first reported by Mumbrella Asia.



Asia’s most renowned regional HR Excellence Awards is back in October in Singapore, Malaysia and Indonesia to sieve out HR’s finest gems. Are you a diamond in the rough? View the categories and find out more.

Read More News

Trending