Vice Media says ‘several hundred’ staff members will be laid off, Vice.com news site shuttered

An undated file photo of a Vice Media office. (Photo courtesy: Vice Media Group)
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Updated 23 February 2024
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Vice Media says ‘several hundred’ staff members will be laid off, Vice.com news site shuttered

  • Vice filed for bankruptcy last year before being sold for $350 million to consortium led by Fortress Investment Group
  • Vice was once a swashbuckling media company geared to younger audience with immersive storytelling style

NEW YORK: Vice Media plans to lay off several hundred employees and no longer publish material on its Vice.com website, the company’s CEO said in a memo to staff Thursday.

Vice, which filed for bankruptcy last year before being sold for $350 million to a consortium led by the Fortress Investment Group, is also looking to sell its Refinery 29 publishing business, CEO Bruce Dixon said in his memo to staff.

It’s the latest sign of financial problems buffeting the media industry. Digital sites the Messenger, BuzzFeed News and Jezebel have all shut down in the past year, and legacy media outlets like the Los Angeles Times, Washington Post and Wall Street Journal have also seen job cuts.

Once a swashbuckling media company geared to a younger audience with an immersive storytelling style that encompassed digital, television and film outlets, New York-based Vice was valued at $5.7 billion in 2017.

Dixon offered no specifics about the layoffs, other than saying hundreds of people will be affected and will be notified early next week. The New York Times reported that the company currently has about 900 people on staff.

“I know that saying goodbye to our valued colleagues is difficult and feels overwhelming, but this is the best path forward for Vice as we position the company for long-term creative and financial success,” Dixon said.

He said it was no longer cost-effective for Vice to distribute its digital content, including news, the way it has been. He said Vice would put more emphasis on its social channels and look for different ways to distribute its content.

As part of its strategic shift, Dixon said Vice would follow a studio model.

Before filing for bankruptcy protection last year, Vice canceled its “Vice News Tonight” television program as part of a round of layoffs then.


Ukraine hosts talks with security allies in Kyiv

Updated 11 sec ago
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Ukraine hosts talks with security allies in Kyiv

KYIV: Ukraine is hosting security advisers for crunch talks on Saturday as Kyiv insists negotiations are zeroing in on a deal, while Russia claims a deadly New Year strike torpedoed the efforts.
Ukrainian President Volodymyr Zelensky said around 15 countries would attend the talks, along with representatives from the European Union and NATO, with a US delegation joining via video link.
Leaders from the so-called coalition of the willing are expected to convene in France next week after Saturday’s talks.
The latest peace push comes after Zelensky announced in his New Year’s Eve address that the US-brokered plan was “90 percent” ready, but cautioned that important territorial issues remain.
Russia occupies around a fifth of Ukraine and has hit its smaller neighbor with an almost daily barrage of missiles and drones that have killed thousands of civilians and displaced millions.
Kyiv has repeatedly said Russia is not interested in peace and is deliberately trying to sabotage diplomatic efforts in order to seize more Ukrainian territory.
Russia captured the most Ukrainian land last year since launching its all-out invasion in 2022, an AFP analysis showed.
Moscow has meanwhile accused Ukraine of carrying out a “terrorist attack” and “deliberately torpedoing” a peaceful resolution after a strike on a hotel in Kherson killed 28 people celebrating the New Year.
Moscow warned of “consequences,” but Ukraine said the attack targeted a military gathering that was closed to civilians.
AFP was not able to verify either account.

- Concessions -

After US special envoy Steve Witkoff boasted about putting peace efforts back on track in the New Year, Ukraine ordered the evacuation of more than 3,000 children and their parents from frontline settlements in the Zaporizhzhia and Dnipropetrovsk regions, where Russian troops have been advancing.
More than 150,000 people have been evacuated from front-line areas since June 1, according to Ukrainian Restoration Minister Oleksiy Kuleba.
Underlining the risks for civilians, authorities in Kharkiv reported on Saturday morning that another body had been pulled from the rubble after an aerial barrage reduced multi-story buildings to smoldering heaps.
At least two people, including a three-year-old, were killed and another 19 people wounded, local officials said.
Under the current US-backed blueprint for ending the war, Ukraine would cede parts of the eastern Donbas region and agree not to join NATO.
Zelensky said last week that Ukraine has been able to wrest some concessions, notably removing the provision that land seized by Moscow’s army would be recognized as Russian.
The Russian army captured more than 5,600 square kilometers (2,160 square miles), or 0.94 percent, of Ukrainian territory in 2025, according to an analysis of data from the Institute for the Study of War, which works with the Critical Threats Project.
This includes areas that Kyiv and military analysts say are controlled by Russia, as well as those claimed by Moscow’s army.
That is more land than the previous two years combined, though far short of the more than 60,000 square kilometers it took in the first year of its invasion.
Russia made its biggest advance in 2025 in November — 701 square kilometers — whereas the 244 square kilometers it gained in December was the smallest since March, the data showed.
Russian President Vladimir Putin has consistently told his citizens that the military intends to seize the rest of the Ukrainian land he has proclaimed as Russian if talks fail.

- New cabinet appointees -

Zelensky has shuffled his cabinet ahead of the January 6 summit in France.
He announced on Friday that he offered the defense ministry to his 34-year-old minister of digital transformation, Mikhailo Fedorov.
Without explaining his decision to replace Denys Shmygal, the Ukrainian leader said he had proposed the incumbent “head another area of government work that is no less important for our stability.”
Zelensky also recently named Ukrainian military intelligence chief Kyrylo Budanov to head his presidential office.
Budanov will succeed Zelensky’s most important ally, Andriy Yermak, who resigned in November after investigators raided his house as part of a sweeping corruption probe.
“At this time, Ukraine needs greater focus on security issues, the development of the Defense and Security Forces of Ukraine, as well as on the diplomatic track of negotiations,” Zelensky said.
“Kyrylo has specialized experience in these areas and sufficient strength to deliver results.”
Budanov said he had accepted the nomination and would “continue to serve Ukraine.”