Vice Media Group announced on Friday that it plans to cut its staff by 10 percent or 250 jobs, another blow to the digital media industry, which was still thriving a few years ago.
Nancy Dubuc announced this announcement to employees by submitting a plan to allow the deputy to reorientate and improve the group's profitability, in particular by producing online information and television programs.
"After completing the 2019 budget, our focus will be on achieving our goals," she wrote in a document originally discovered by a Hollywood reporter and confirmed by AFP.
"We will provide the deputies with the best and strengthen our place for the future," she said.
Reorganization will affect all departments, including international ones, and will allow the group to focus on sectors that are a source of growth, such as television production or sponsored content.
Reductions were made shortly after the announcement of two other online news providers: BuzzFeed News, which plans to give up 300 employees in total – and HuffPost, who dismissed 10 employees. % of its writing, 20 people.
The vice president has long been one of the growing stars of the digital media, with offices in dozens of countries and growing very fast.
Its co-founder and symbolic boss Shane Smith in the spring abandoned the overall management of the platform, favored by Nancy Dubuc, who is responsible for stabilizing the group.
In early 1994, the vice president was a magazine that gradually became a multi-billion dollar publisher.
However, this group has been experiencing turmoil in recent months, its channel, Viceland, launched in 2016, bringing together very few viewers.
She has failed for the 2017 Vice President's revenue targets, announcing $ 805 million, but ultimately less than 100 million, according to several US media.
© 2019 AFP