Vice Media, once valued at over $5 billion and known for its edgy, immersive storytelling, is laying off hundreds from its staff of more than 900 employees. CEO Bruce Dixon announced the company will also cease publishing on its Vice.com website, a move reflective of Vice's strategic pivot amid financial struggles, including a bankruptcy filing last year before being sold for $350 million to a consortium led by Fortress Investment Group.

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Vice Media cutting hundreds of jobs, no longer publishing website content

17 days ago 0:40

Vice Media, a digital media company once valued at $5 billion, is laying off hundreds and ceasing publication on its Vice.com site amid financial struggles.

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