Vice Media Follows Huffington Post & BuzzFeed: Lays Off 10% of Staff as Revenue Slows2

The brutal wave sweeping through the digital media industry seems to be showing no signs of slowing down, and Vice Media is the latest victim. In an effort to keep costs minimal, Vice Media will reportedly be restructuring its business operations. According to a memo that was sent by company CEO Nancy Dubuc, Vice Media wants to narrow its focus on business areas such as Virtue and TV, and long-form video production.

To help with this, as well as its efforts to minimize costs, the company is expecting to lay off about 10% of its total workforce, with close to 250 employees reportedly expected to be out of the job in the nearest future.

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