By Dade Hayes Finance Editor Vice Media is laying off 55 U.S. staffers and about 100 more internationally as it faces uncertainty due to COVID-19.
The moves are the result of a need to shore up the company’s digital business, CEO Nancy Dubuc said Friday in a memo to employees. “The reality is that some tough decisions had to be made primarily around our digital teams,” Dubuc said. “Currently, our digital organization accounts for around 50% of our headcount costs, but only brings in about 21% of our revenue.
Looking at our business holistically, this imbalance needed to be addressed for the long-term health of our company.” Dubuc added that 90% of roles in the digital operation were preserved through various efforts and the group will now
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.