Vice Media eliminates 60 American jobs after private equity firm TPG makes investment

Vice Media lays off about 60 staffers as it refocuses on video

Vice Media laid off about 60 employees Friday in what the edgy news outlet described as a way to place a greater emphasis on video.

The layoffs — which affect multiple departments and represent a 2% cut of Vice’s roughly 3,000 employees — come a month after Vice announced it had secured $450 million in funding from private equity firm TPG to bolster an international and video expansion.

Cutting jobs is necessary to put more resources into video production, a Vice spokesman said. The Brooklyn-based company is not a newcomer to video. It started creating video content in 2006, and the medium represents a major source of revenue.

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