MANILA, Philippines – The Guardian on Friday, February 23, reported that embattled media group Vice Media will no longer be publishing content on its website Vice.com, and will lay off hundreds of employees, following job cuts in April 2023 and November 2023.

The information came out as a result of a leaked memo sent to staffers by Vice Media chief Bruce Dixon. A copy of the memo was posted by tech journalist Brian Merchant on X:

“This decision was not made lightly, and I understand the significant impact it will have on those affected,” Dixon said in the memo. 

Vice plans to put more emphasis on its “social channels,” where it will continue to push out content. It also plans to partner with “established media companies” to distribute content as part of its transition to a “studio model.”

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Refinery29, a media brand also owned by Vice, will be pushing out “social first” content as well. 

Facing bankruptcy, Vice was acquired by Fortress Investment Group in 2023. Dixon said in his note that plans to sell the business are in “advanced discussions,” and that more will be announced in the coming weeks. – Rappler.com