ViceMedia Group is beginning a restructuring process that will see the departure of a number of employees.
Sources told Deadline that less than 100 people are impacted.
It comes asVice on Showtimewas canceled after season four andVice News Tonightended.
Vice
As part of its restructure, it is turning five divisions into two.
If your job is impacted, you will be hearing directly from the HR team today.
Second, alongside these actions, we are also taking this moment to restructure our overall corporate organization.
Starting today, we will be beginning the transition from five distinct lines of business to two.
It will also allow us to streamline our overall corporate infrastructure, reducing overhead across the business.
The transition will not happen overnight.
The leaders of each LOB will follow up with further information about their go-forward plans.
As we work through these reviews, we will share further information with you.
Many have made enormous contributions to VMG over the years and were deeply grateful to them.
We arent immune to these challenges.
We are all stewards for VMGs brand legacy and most importantly champions for the brighter, stronger future ahead.
