Vice Media to Lay Off 10 Percent of Workforce

The publisher is slashing close to 250 jobs

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Vice Media is reorganizing and eliminating what will amount to about 250 jobs.

The staffing changes, which will include laying off about 10 percent of its workforce, will impact each department at every level. The Hollywood Reporter first reported the news, which a company spokeswoman confirmed to Adweek.

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.

Dubuc replaced Shane Smith in April last year, having spent almost two decades at A+E Networks.

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