Vice to lay off hundreds of staffers, stop publishing content on its website | CNN Business

CNN  — 

Vice Media will cease publishing to its website and lay off several hundred staffers as the beleaguered publisher makes “fundamental changes” to its “strategic vision” under its new private equity ownership, chief executive Bruce Dixon announced Thursday in a memo to staff.

“This decision was not made lightly, and I understand the significant impact it will have on those affected,” Dixon told staffers in the memo obtained by CNN, adding that employees impacted will be notified early next week.

Dixon said that Vice Media had determined it is “no longer cost-effective” for the

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