Published On: Mon, Feb 4th, 2019

VICE restructuring, cutting 250 jobs, as CEO Nancy Dubuc redirects the vision

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce, as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

These changes, which include laying off roughly 250 jobs, will impact each department at every level.

The decision, made under CEO Nancy Dubuc, is intended to help make the company profitable as it deepens its investments in film and branded content.

Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks,” CEO Nancy Dubuc wrote in a memo sent to staff on Friday morning that was shared with THR. “We will make Vice the best manifestation of itself and cement its place long into the future.”

photo/ Gerd Altmann

Vice will restructure its global workforce from one siloed by each international office into one built around its five business priorities going forward: film and TV production unit Studios, its international News team fueled by Vice’s relationship with HBO, the digital business, the TV operation led by Viceland and ad agency Virtue. Administrative or support functions like human resources, legal and business development will report into Vice’s Brooklyn headquarters or a regional hub.

he company also is planning to invest in areas that Dubuc and her senior leadership team see as growth opportunities going forward. Those include the Studios division, which nabbed around $14 million from Amazon for Adam Driver drama The Report at Sundance this past week; ad agency Virtue, which has added 20 new clients to its roster in 2018; the digital news desk run by Josh Tyrangiel; and the sales team.

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