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Vice Media to axe 10% of staff globally, but insists Asia is still an ‘exciting’ opportunity

Vice Media will axe 10% of its global workforce, becoming the third digital publisher to announce major redundancies in the last two weeks.

The confirmation follows a report in The Hollywood Reporter, which said 250 jobs of the 2,500 person business would be cut.

“Having finalised the 2019 budget, our focus shifts to executing our goals and hitting our marks,” CEO Nancy Dubuc wrote in a note sent to staff obtained by The Hollywood Reporter.

Vice will re-structure the business in order of priorities, rather than by separate international offices.

The priorities are film and TV production unit, Studios, an international news team, the digital business, the TV operation led by Viceland and ad agency Virtue, while human resources, legal and business development will report into Vice Brooklyn’s headquarters or a regional area.

A Vice spokesperson told Mumbrella any changes in Asia would “happen over the coming weeks and will be across Vice globally – with all departments affected and all levels”, before adding: “ We’re excited about Vice business across Asia – with our large and engaged audience, commercial partnerships, licensing deals, the continued growth of Virtue.

“Asia represents a huge cultural opportunity – and as per the reporting, Vice will be organising through all lines of business, Vice Studios, Virtue, Digital, TV, and News not separated by language, culture, and territorial borders.”

Vice’s redundancies come the same week as Buzzfeed’s round of redundancies, which have impacted 15% of staff globally. It also follows news from Verizon, which announced this week it would cut 7% of staff from the media division.

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