Vice cuts 10 percent of its workers following tough year

February 01, 2019

Vice Media is laying off 10 percent of its staff, marking the latest example of digital publishing's struggle to compete with Facebook and Google for advertisers' money.

On Friday, Vice confirmed that it would cut around 250 of its 2,500-person work force, a move that was first reported by The Hollywood Reporter. Vice has faced a number of setbacks in the past year, including internal office scandals and strained relationships with some advertisers, while also contending with the same market forces that have plagued digital publishing.

At a time when Facebook just reported a record $16.6 billion in ad sales, media companies like Vice are failing to meet revenue goals.

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