Vice Media to reduce workforce by 15%

//Vice Media to reduce workforce by 15%

Vice Media to reduce workforce by 15%

Vice Media will slash its employee count by as much as 15 percent by attrition and reduce its number of digital sites by at least half. The New York-based media company is anticipating flat revenue in 2018, according to The Wall Street Journal, citing people close to the situation. The company will likely see revenue between $600 and $650 million this year, $100 million short of the projection the company provided equity firm TPG, which gave Vice a $5.7 billion valuation. The company lost $100…

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By | 2018-11-08T00:35:57+00:00 November 8th, 2018|Media|

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