Vice, once valued at $6 billion, faced a downfall attributed to identity politics, mismanagement of funds, and a departure from its core appeal. The collapse involved mass layoffs and a shift towards 'woke' culture, leading to bankruptcy. The Wall Street Journal is also undergoing layoffs, sparking protests from employees.
I remember when the WSJ laid me and dozens of others off even as they praised our work. It sucked. But things got better. Feeling for all the people experiencing it now. https://t.co/1n4wDU1i8L
I remember when the WSJ laid me and 70 others off even as they praised our work. It sucked. But things got better. Feeling for all the people experiencing it now. https://t.co/1n4wDU0Kjd
A @mcmoynihan must-read, in @TheFP, on the demise of Vice: https://t.co/vXq9qcXM3o
Here is @mcmoynihan's long-awaited piece about how Vice News went bankrupt while becoming the exact opposite of what made it rich in the first place. https://t.co/ueYORPyIfQ
The Wall Street Journal is expected to do further layoffs in its U.S. newsroom today -- individual meetings have been placed on journalists' calendars Union representing WSJ employees says that it is holding a walkout at 1PM to protest today’s layoffs https://t.co/7mzNlSxWjY
How @VICE Went From a $6 Billion Media Empire to Bankruptcy It was hubris. It was the mismanagement of huge amounts of money. Most of all, it was a betrayal of everything that readers loved, writes ex-staffer @mcmoynihan: https://t.co/LLJMCPqLFl
Harrowing story on the rise and fall of Vice. https://t.co/SCui9BBoBA
There have been many autopsies written about @VICE. This one, by @mcmoynihan, who saw it all from the inside, is definitive and devastating. Read it in @TheFP: https://t.co/sVuBZl5KxZ
BREAKING: WSJ reportedly expected to do further layoffs in its U.S. newsroom today
“They don’t understand what the country is.” @MCMoynihan on the “woke” radical takeover that bankrupted Vice—and the higher ups who allowed it to happen: “They thought the way forward to be involved in youth culture was to be people who gave in to this very narrow view of what… https://t.co/Gdcdy0pAWc
NEW: The Wall Street Journal is expected to do further layoffs in its U.S. newsroom today -- individual meetings have been placed on journalists' calendars, I'm told
How did the Vice staff react to mass layoffs hitting 100-150 of their colleagues in 2020? A petition to save the two who were trans. @MCMoynihan: “That was the political culture.” Today on Honestly with @BariWeiss, an insider reveals how Vice collapsed: https://t.co/L7mLdYJ5P4 https://t.co/d7bx5lb18C
Vice was once the envy of the media industry, at one time reportedly valued at $6 billion—and then it collapsed. What went wrong? Their identity politics–obsessed staff took over. @BariWeiss speaks with @MCMoynihan, who was there through it all. https://t.co/8peLul8eat https://t.co/dRWNCN0Zz8