Vice Media announced in a memo this week that it will be laying off hundreds of employees as it faces a sale.
Vice Media CEO Bruce Dixon said in the company-wide email that the decision to lay off “several hundred” staff members did not come lightly.
“This decision was not made lightly,” Dixon wrote.
Dixon added that fired staffers will be notified of the next steps next week.
The memo said that Refinery 29, another brand owned by Vice, “will continue to operate as a standalone diversified digital publishing business, creating engaging, social-first content.”
“As you know, we are in advanced discussions to sell this business, and we are continuing with that process. We expect to announce more on that in the coming weeks,” Dixon said.
As Breitbart News reported in May of last year, Vice had announced a plan to file for bankruptcy after being previously valued…
