The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in recent weeks to lay off hundreds of workers as part of massive downsizing to keep the companies afloat. A leaner organization is part of the company’s realignment of its entire global strategy. The 250 Vice employees comprise about 10% of the company’s workforce. HuffPo and BuzzFeed Layoffs “Difficult Changes” was the subject line of the email sent
Temporary Bounce? Trump Gloats Over Buzzfeed and HuffPo Layoffs as Storm Clouds Gather Over Presidency
US president Donald Trump has gleefully weighed in on the news of mass layoffs at Buzzfeed and the Huffington Post in typically abrasive fashion on his Twitter account. According to Trump, who is facing an unprecedented challenge to his presidency following the arrest of longtime adviser Roger Stone and another impending government shutdown on the horizon, hundreds of personnel lost their jobs because their employers are engaged in “fake news”. It will be recalled that Buzzfeed and HuffPo laid off a total of more than a thousand journalists and creative writers last week in the latest round of efficiency cuts