Vice Media Lays Off 155 Employees With Deepest Cuts in Digital Group

18 Mai, 2020, 11:59 | Auteur: Auguste Feret
  • Vice Media CEO Nancy Dubuc with co-founder Shane Smith in 2019 seen with a Vice logo in back of them

Vice Media Group became the latest publisher endure a second round of cuts during the COVID-19 pandemic.

About two-thirds of the employees cuts (round 100) can be worldwide, with 55 layoffs affecting USA workers, Vice Media Group CEO Nancy Dubuc wrote in an inside memo Friday obtained by Variety.

Vice's digital group will be the most heavily impacted by the cuts. The worldwide layoffs will occur over the subsequent few weeks, whereas the Brooklyn-based firm's USA staffers can be let go Friday.

In the memo, titled "The Course Ahead", Dubuc wrote, "While losing even one job feels like too many, these decisions ultimately rest with me and I assure you that we went to great lengths to preserve jobs".

The digital organization accounts for about 50 per cent of the company's head-count costs but only generates about 21 per cent of the company's revenue, wrote Dubuc.

The Economist said it is eliminating 90 non-editorial jobs and Vice Media announced in an internal memo seen by Reuters that it will lay off 155 workers, reflecting an acceleration of the news media industry's decline during the global pandemic. By analyzing our business comprehensively, this imbalance must be addressed for the long-term health of our company. In addition, the company is moving "as many individuals as possible" over to the growing Vice News division.

Vietnam Rejects China’s South China Sea Fishing Ban
China appears to be using its military to send a message that it can work long enough to challenge its neighbors and America. Parts of the sea are disputed by multiple applicants, including China, Vietnam, the Philippines, Malaysia and Taiwan.

Ranbir Kapoor turns stylist for Alia Bhatt amid lockdown?
After Rishi Kapoor's death, Riddhima has been sharing throwback memories from her childhood album on her Instagram stories. On the work front, Alia will be seen opposite Ranbir in " Brahmastra ".

Vitamin D could be linked to COVID-19 survival, study suggests
And then researchers looked at the data on a more granular level - by regions in each country and by population, Backman said. Tanya is an expert in reddit and health subjects. "It is the complications from the misdirected fire from the immune system".

Dubuc wrote: "T$3 he squeeze is becoming a choke hold".

"We understand that the entire news industry is hurting", Vice Union's statement said.

The layoffs come after Vice Media applied belt-tightening strikes on the finish of March, extending for a 90-day interval.

Early in the pandemic, Vice Media instituted sliding scale pay cuts for staffers earning $100,000 or more, a suspension on promotions and a stop to 401 (k) matches for employees.

She referred to as for the media business to "stand together" within the face of "monopolies", whereas providing her personal newly laid off staff severance pay, their work-issued laptops and job search steering. Laid off USA employees will receive extended health benefits through the end of 2020, and Vice is creating an alumni group so that those affected can get "first-look access" to open jobs when they are available.

Conseillé:



Populaire

Le Graët pointe l'exagération de Jean-Michel Aulas — OL
Il est tellement pris dans l'envie de jouer la Champions League qu'il exagère un peu ." a déclaré Le Graët . Je trouve que ces derniers temps, il va un peu trop loin.

Celtic deserve ninth title in a row, says Callum McGregor
CALLUM McGREGOR insists Celtic DESERVE their ninth successive title - even if they do not kick another ball this season. The Scottish Cup semi-finals, in which Lennon's side face Aberdeen, are still postponed, putting the treble in doubt.

JUST IN: 17 New Covid-19 Cases Recorded Today
The good news is that 73 patients have recovered today , bringing the total of recovery to 5,512 cases. The 113th death case involved a 53-year-old woman who had cancer and hypertension.

Powell: US recovery could take till end of 2021
In the meantime, he said, the Federal Reserve or Fed and Congress may need to do more to ensure people can pay their bills. Powell said the Fed could also adjust the forward guidance it provides to markets and the pace of its asset purchases.

Japan's economy slips into recession
The jobless rate in March rose to its highest in a year, while job availability slipped to a more than three-year low. Taken together, domestic demand knocked 0.7 percentage point off GDP growth, while external demand shed 0.2 point.

Investigators Find a ‘Personal Item’ in Search for Missing Colorado Woman
Responding to a reporter's question about Morphew's husband, Spezze said he has been cooperative and hoped he continued to be so. The sheriff's office says a search "began immediately", lasting deep into the night and picking up again the next morning.

L'ambassadeur de Chine en Israël, retrouvé mort à son domicile
Pompeo n'avait offert aucune preuve quant aux "risques sécuritaires" liés aux investissements chinois en Israël . Du Wei, 57 ans , était ambassadeur en Israël depuis février dernier, d'après le site internet de l'ambassade.

Australia's coronavirus death toll rises to 99
To plan your journey and for more information about Sydney transport options, head to the Transport for NSW website . To find out more about the status of COVID-19 in NSW, head to the NSW Health website .

Taylor Swift concert to be broadcast online
It saw her perform 16 songs in total, including live debuts of a number of tracks featured on her latest album, Lover . Disney + Australia and New Zealand are getting a special Taylor Swift concert special this month.

" "Découvrez le clip de " Daisies " — Katy Perry
La chanteuse américaine avait annoncé sa grossesse en mars dernier, lors de la sortie du clip de son titre Never Worn White . D'ailleurs, ils ne se privent pas de le faire savoir à leur idole sur les réseaux sociaux.