The Wall Street Journal: Vice Media eliminates 10% of its workforce, including its flagship HBO show

Vice Media is cutting 10% of its workforce, amounting to about 250 jobs, as part of a global realignment of its business, according to people familiar with the matter.

As part of the restructuring, the company will no longer be organizing its global business according to individual countries, instead collapsing its international divisions into regions and along its five lines of business, the people said. These lines are Studios, News, Digital, TV and Virtue, the company’s in-house advertising agency.

The company’s weekly show, “Vice,” on HBO—long the company’s most high-profile brand flagship—will also be ending, though the daily news show will continue.

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