Vice Media laid off 2 percent of its workforce, or 60 people, as the millennial-focused company moves towards video. The news comes after Vice received a $450 million investment from asset firm TPG. New hires will be for both nonscripted content and for Vice Studios, which is focused on scripted entertainment for TV, film, mobile and digital platforms. Vice’s assets include 13 digital channels, TV network Viceland, a print magazine, a branded content studio, and HBO’s documentary series Vice and daily news show Vice News Tonight.
