DARK MODE:
National File
  • Home
  • News
  • Culture
  • Politics
  • GAB
  • Telegram
  • Minds
  • About
    • Subscribe
  • TV
  • Podcast
  • Store
    • My account
    • Cart
    • Checkout
  • Donate
    • Donate Crypto
No Result
View All Result
  • Home
  • News
  • Culture
  • Politics
  • GAB
  • Telegram
  • Minds
  • About
    • Subscribe
  • TV
  • Podcast
  • Store
    • My account
    • Cart
    • Checkout
  • Donate
    • Donate Crypto
No Result
View All Result
National File
No Result
View All Result

VICE Lays Off 155 Workers, Buzzfeed Closes UK and Australia Offices Due to COVID-19

Coronavirus Pandemic slams online journalists

Lionel Du Cane by Lionel Du Cane
May 15, 2020
5
VICE Buzzfeed Fire Journalists
Share on FacebookShare on Twitter
Share to Gab

Online journalism has been hit particularly hard with the coronavirus pandemic decimating ad revenue on websites reliant on traffic.

VICE and Buzzfeed are just two major online publications to see significant job cuts in the age of coronavirus as they struggle with the threat posed by potential economic downturns as “non-essential” businesses go bust and joblessness rises to unprecedented levels.

On Wednesday, Buzzfeed announced they would be closing their Australia and UK offices after it was long warned that online publications would suffer from falling ad revenue.

Those furloughed by Buzzfeed were reportedly unlikely to return to the company after the offices were mothballed.

According to The Guardian, the company said:

“For economic and strategic reasons, we are going to focus on news that hits big in the United States during this difficult period.”

“Therefore, we will notify staff in the UK and Australia that we are not planning to cover local news in those countries. We will be consulting with employees on our plans regarding furloughs and stand-downs in these regions.”

Today, it was reported that VICE, including Refinery29, would be shaving off more than 5% of its global workforce as revenue tumbles amid the global pandemic.

Variety Magazine obtained a memo from VICE CEO, Nancy Dubuc, which reportedly said:

“Vice Digital’s teams will be disproportionately affected by the layoffs. Currently, the company’s digital organization accounts for 50% of headcount costs, “but only brings in about 21% of our revenue,” Dubuc said in the memo. “Looking at our business holistically, this imbalance needed to be addressed for the long-term health of our company.””

The media giant was able to salvage the bulk of its workforce by axing open roles in the company.

In March, when the global pandemic began threatening lockdowns, VICE Media announced measures including pay cuts and a freeze on promotions as falling expected revenue threatened the company.

Several industries across the world have reported economic damage as joblessness soars as a result of social distancing policies across dozens of countries.

Tags: BuzzfeedCoronavirusVICE
Share to Gab
Tip with Crypto


ADVERTISEMENT
Lionel Du Cane

Lionel Du Cane

He is the author of The Clowning of America: Woke Capital, Con Inc, & Meme Culture and A Matter of Time: How Time Preferences Make or Break Civilization - a book on how healthy societies view the concept of time .. If you enjoy his work, you can tip him on Kofi or support him on Patreon.

Related Posts

BREAKING: Gab’s Torba Looking Into ‘Buying Our Own Bank’ After 4th Bank Ban In 4 Weeks
Big Tech

BREAKING: Gab’s Torba Looking Into ‘Buying Our Own Bank’ After 4th Bank Ban In 4 Weeks

by Jack Hadfield
7 hours ago
American Airlines Promises ‘Investigation’ After Flight Attendant Bullies Elderly Woman To Tears For Briefly Lowering Mask
Civil Unrest

American Airlines Promises ‘Investigation’ After Flight Attendant Bullies Elderly Woman To Tears For Briefly Lowering Mask

by Andrew White
11 hours ago
New York City Fine Illegal
Borders

Supreme Court Sides With Biden, Dismisses Trump Administration’s Pending ‘Sanctuary City’ Cases

by Frank Salvato
11 hours ago
TRUMP: Biden ‘Violated’ Oath Of Office, Regime’s ‘Gross Incompetence’ And ‘Racialism’ Are Endangering Americans
Breaking News

TRUMP: Biden ‘Violated’ Oath Of Office, Regime’s ‘Gross Incompetence’ And ‘Racialism’ Are Endangering Americans

by Gabriel Keane
12 hours ago
‘NO EXPERIENCE REQUIRED’: Russian Riot Police Launch Sniper Recruitment Ads Amid Rise in Left-Wing Protests
Civil Unrest

‘NO EXPERIENCE REQUIRED’: Russian Riot Police Launch Sniper Recruitment Ads Amid Rise in Left-Wing Protests

by Gabriel Keane
13 hours ago
VIDEO: Biden Shuts Down Press Conference After Question About Excluding Middle Class From $1,400 Stimulus
News

VIDEO: Biden Shuts Down Press Conference After Question About Excluding Middle Class From $1,400 Stimulus

by Gabriel Keane
14 hours ago
North Dakota Republicans Eject Anti-Mask Rep from House for Trumped-Up Harassment Charges
News

North Dakota Republicans Eject Anti-Mask Rep from House for Trumped-Up Harassment Charges

by Jack Hadfield
1 day ago
BREAKING: Trump Continues War On Establishment GOP With Statement Slamming Republican Consultant Karl Rove
2020

BREAKING: Trump Continues War On Establishment GOP With Statement Slamming Republican Consultant Karl Rove

by Tom Pappert
1 day ago
VIDEO: Visibly Shaken Fauci Gets Emotional Over States’ Decision To Reject His Guidelines, End Mask Mandates
Coronavirus

VIDEO: Visibly Shaken Fauci Gets Emotional Over States’ Decision To Reject His Guidelines, End Mask Mandates

by Gabriel Keane
1 day ago
CONSENSUS CRACK: Democrat Dominated Connecticut Ends All COVID Lockdown Restrictions Effective March 19
Breaking News

CONSENSUS CRACK: Democrat Dominated Connecticut Ends All COVID Lockdown Restrictions Effective March 19

by Tom Pappert
1 day ago
Load More

National File

National File brings you investigative citizen journalism of the highest quality. Join Editor-in-Chief Tom Pappert — Subscribe to the National File HERE

The Latest
  • BREAKING: Gab’s Torba Looking Into ‘Buying Our Own Bank’ After 4th Bank Ban In 4 Weeks March 5, 2021
  • American Airlines Promises ‘Investigation’ After Flight Attendant Bullies Elderly Woman To Tears For Briefly Lowering Mask March 5, 2021
  • Supreme Court Sides With Biden, Dismisses Trump Administration’s Pending ‘Sanctuary City’ Cases March 5, 2021

FOLLOW US ON SOCIAL MEDIA:

SEND A TIP OR CONTACT:

Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected]

ADVERTISE:

Want to advertise with us? 

Please email:

[email protected]

© COPYRIGHT NATIONALFILE.COM. ALL RIGHTS RESERVED. © 2019 Flyover Media, LLC – All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast, in whole or part, without the prior written permission of NationalFile.com

PRIVACY POLICY
|
CORRECTIONS

No Result
View All Result
  • Home
  • News
  • Culture
  • Politics
  • GAB
  • Telegram
  • Minds
  • About
    • Subscribe
  • TV
  • Podcast
  • Store
    • My account
    • Cart
    • Checkout
  • Donate
    • Donate Crypto

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Secured By miniOrange