Vice Media is set to cancel its acclaimed program Vice News Tonight and undertake a sweeping restructuring that will have painful consequences for staff across the organization.
According to reports, dozens of employees are set to lose their jobs, with the Washington, D.C. bureau reportedly being hit particularly hard.
In a memo to staff, Vice Media co-chief executives Bruce Dixon and Hozefa Lokhandwala said that the changes are a response to current market conditions and the business realities facing Vice Media Group and the broader news and media industry.
The news may come as a surprise to many, given that the company was once seen as the future of media, but has since struggled with various business difficulties and executive changes…
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