New York (CNN) Vice Media announced significant cutbacks to its staff on Friday, adding more job losses to an already beleaguered industry. The Hollywood Reporter, which first reported the layoffs , said that the cuts "will impact around 250 people," or about 10% of its workforce. A Vice spokesperson confirmed to CNN Business the accuracy of the report. "We will make VICE the best manifestation of itself and cement its place long into the future," Dubuc said in the memo, which was obtained by CNN Business. Unfortunately, this means we will have to say goodbye to some of our VICE colleagues."

Source: CNN February 01, 2019 15:51 UTC