Vice media has just announced they'll be laying off 10% of their workforce or around 250 people.

And this comes almost immediately after we saw Buzzfeed, AOL, Yahoo, and The Huffington Post laugh

hundreds of employees as well. This may be one of the worst couple of weeks in the history of

digital media. Now there are many reasons why this is happening. For one, these companies ran

primarily off of investment, and when those investors stopped coming in, they couldn't expand,

and then they had to fire people. Another reason is that they were writing algorithms. They were

manipulating Facebook and YouTube to try and bring in those views and make money, and once the

algorithms changed, they couldn't bring a trap anymore, and then they had to fire people.

Those of us in digital who got out of these companies kind of knew this was going to happen. In fact,

Shane Smith said in 2016 there would be a bloodbath in digital media. And I have reason to believe

that these companies knew they were failing for years, and just tried to stem the bleed with some

nefarious practices. Today, let's take a look at the latest news from Vice News, and then I want to

explain to you how I kind of news is going to happen, and why what they're doing may actually be

a bit nefarious. But before we get started, make sure you're following me on mines at mines.com

slash Timcast. I am expanding actually. Subverse is going to be launching very soon, and we're

going to be building out a digital newsroom on mines. I don't know what it'll look like, but it will

be here. So follow me mines.com slash Timcast. And if you want to support my work, you can just share

this video and help spread the message from the Hollywood Reporter, Vice Media to reorganize,

layoff 10% of staff. The story starts. Vice is planning a reorganization that will include laying

off about 10% of its workforce, as the once high-flying startup looks to reign in an unwieldy

business that grew quickly during the height of the digital boom. Around 250 jobs are expected to

be cut, a company spokesman tells the Hollywood Reporter, as the 2500th person vice reduces redundancies

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