Vice Media Puts Freeze on Hiring, Consolidates Some Sites
- No Layoffs are planned, person familiar with matter says
- Company on track to lose $50 million this year, WSJ says
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Vice Media, a youth-focused news company coping with a challenging digital-media industry, is freezing hiring and consolidating some of its sites, according to a person familiar with the situation.
The company isn’t planning layoffs, but it will be merging some of its so-called verticals -- sites focused on certain topics -- said the person, who asked not to be identified because the deliberations are private. Vice won’t be eliminating coverage of any news areas, the person said.