Vice Media to axe 10% of staff globally
Vice Media will axe 10% of its global workforce, becoming the third digital publisher to announce major redundancies in the last two weeks.
A Vice Media Australia spokesperson confirmed the changes will affect the local market, but the number of those impacted is not yet clear. Mumbrella understands Vice Media’s Australian arm has approximately 50 staff.
Vice Media’s Australian arm will be impacted by the changes
The confirmation follows a report in The Hollywood Reporter, which said 250 jobs of the 2,500 person business would be cut.
“Having finalised the 2019 budget, our focus shifts to executing our goals and hitting our marks,” CEO Nancy Dubuc wrote in a note sent to staff obtained by The Hollywood Reporter.
Vice will re-structure the business in order of priorities, rather than by separate international offices. The priorities are film and TV production unit, Studios, an international news team, the digital business, the TV operation led by Viceland and ad agency Virtue, while human resources, legal and business development will report into Vice Brooklyn’s headquarters or a regional area.
The Hollywood Reporter did not provide detail as to when Australian staff would be informed of the impact, but the US, UK and Canada are expected to be informed today.
Vice’s redundancies come the same week as Buzzfeed’s round of redundancies, which have impacted 15% of staff globally. Locally, 11 roles will be affected, but it is not yet clear who has been impacted, as consultations are still underway. It also follows news from Verizon, which announced this week it would cut 7% of staff from the media division.
This wouldn’t have happened if SP was still there!
#stefanospatrizioscomehome
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The quality & output of their content has been declining pretty rapidly each year, not to mention the company has always also been significantly overvalued. Shame nonetheless
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