Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce, as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom. (THR)
These changes, which include laying off roughly 250 jobs, will impact each department at every level. (TVNewser)
The decision, made under CEO Nancy Dubuc, is intended to help make the company profitable as it deepens its investments in film and branded content. (Adweek)
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Vice will no longer divvy up its business country by country, instead organizing it according to larger regions and business lines. (New York Post)