Vice Media's new owners, Fortress Investment Group, plan to lay off hundreds of employees from its digital publishing division amid ongoing struggles in the digital media industry.

Vice Media's new owners are planning to lay off hundreds of employees, eliminating staff from its digital publishing division. This follows a series of severe cutbacks and layoffs over recent years, making Vice the poster child for the struggling digital media industry. The company is expected to reveal its new business strategy next week, as Fortress Investment Group aims to stem the tide of red ink.

February 22, 2024
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