Vice Set to Give Pink Slips to Hundreds of Employees

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From Google to Amazon and beyond, many tech companies have been laying off workers within just the past year alone. These conglomerates largely seek to lower overhead costs. Central to this is letting go of employees whose work is deemed as non-essential to company goals and operations.

This comes at a hard time for workers. Many people are barely making ends meet, thus having to deduce creative ways to stretch their dollars. For some, this means driving for Lyft or Uber and delivering groceries via Uber Eats or Instacart. Others need to seek out multiple part-time jobs in order to stay afloat.

In the meantime, Vice News has joined the growing list of companies that are bidding farewell to many of their employees.

Here’s what’s going on

Vice CEO Bruce Dixon made things very clear in a memo he sent out this week. According to Dixon, their current content distribution strategy has ceased to be “cost-effective.” In light of this, the company will be parting ways with hundreds of workers in positions now deemed to be redundant.