Vice Media lays off hundreds of employees, stops publishing on website After filing for bankruptcy
Vice Media, the once-popular media startup valued at $5.7 billion, announces hundreds of layoffs Stop publishing on the website After filing for bankruptcy
On February 23, 2567, the BBC news agency reported that Bruce Dixon, CEO of Vice Media A once-popular media startup valued at $5.7 billion says The company plans to cut hundreds of jobs. Since it stopped being published on Vice.com
In May 2566, the company filed for bankruptcy in the United States and was acquired by Fortress Investment Group. by Dixon said Vice plans to partner with established media companies to distribute our digital content.
Media companies such as Channel 4, the Los Angeles Times and Business Insider also laid off workers this year.
Dixon said:Publishing our digital content is no longer as cost effective as we did previously…unfortunately, this means we will be reducing our headcount. and lay off hundreds of jobs.”
Before filing for Chapter 11 bankruptcy protection, a process that postpones a U.S. company's obligations to creditors, Vice announced previous layoffs by shutting down its flagship TV show.
incidentally Vice Media Launched in 1994 as the magazine Voice of Montreal by Shane Smith, Gavin McInnes and Suroosh Alvi, it operates in more than 30 countries. The company was valued at $5.7 billion in 2560 and was once heralded as part of It's at the cutting edge of a company looking to disrupt the traditional media landscape with innovative, generation-focused content. It covers print, events, music, online, TV and film.
The hope is that Vice will engage millions of young people through social media platforms like Facebook and Instagram. The company's credits include My Journey Inside the Islamic State, which was filmed with a terrorist group in Syria. Vice also follows a basketball star. Dennis Rodman and the Harlem Globetrotters On a sports diplomacy trip to North Korea
The latest includes a documentary about controversial influencer Andrew Tate. and a film about Ukraine's president Volodymyr Zelensky by actor Sean Penn.
refer : bbc.com
