Vice Media laid off approximately 2% of its 3,000 employees last Friday, according to a report from Variety.
The layoffs affected about 60 employees across departments including sales, branded content, and editorial within the U.S., Canada, and Europe. VICE Sports was the hardest-hit vertical, losing their editor-in-chief, who said that VICE Sports will “cease to exist as a site.” The athletics vertical will be moved to Vice’s main website, with a heavy emphasis on video. Thump, Vice’s standalone EDM site, will also be cut.
All good things come to an end. @VICESports will cease to exist as site. And I no longer work at VICE. It was a great run.Thanks for reading
— Jorge Arangure (@jorgearangure) July 21, 2017
The restructuring will likely help fuel Vice’s international expansion and launch of Vice Studios, the company’s upcoming scripted video arm.
“Media is probably at its most dynamic, most evolutionary time in its history,” Vice’s CEO Sane Smith said in a statement. “This will allow us to build up the largest millennial video library in the world – enabling Vice to widen our offering to include news, food, music, fashion, art, travel, gaming, lifestyle, scripted and feature films.”
Variety reports that although the layoffs are temporarily decreasing Vice’s staff count, the media company can expect to see an overall rise in their number of employees with new hires from the expansion. Vice is opening offices in Mumbai and Dubai next month, with plans to be operating in more than 80 countries by the first quarter of 2018.