By Variety Staff
15.05.2020 - 18:01 / variety.com
By Todd Spangler
NY Digital Editor
Vice Media Group, which includes Refinery29, is laying off 155 employees, or approximately 5% of its total worldwide headcount, in response to revenue declines stemming from the coronavirus pandemic.
About two-thirds of the staff cuts (around 100) will be international, with 55 layoffs affecting U.S. employees, Vice Media Group CEO Nancy Dubuc wrote in an internal memo Friday obtained by Variety. The international layoffs will happen over the next few weeks,
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Citing business challenges and a low return on investment from resources spent on producing content for digital platforms, Vice Media C.E.O. Nancy Dubuc announced plans on Friday morning for 155 employees to be laid off.
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Citing business challenges and a low return on investment from resources spent on producing content for digital platforms, Vice Media C.E.O. Nancy Dubuc announced plans on Friday morning for 155 employees to be laid off.
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