The company, which went bankrupt in May, axed over 100 jobs before cutting huge checks for senior management in April.
While Vice’s head of news, Subrata De, received a $201,000 bonus, her department was gutted by the cancellation of its Emmy-winning flagship show “Vice News Tonight.” Several other execs, who already commanded salaries in the $600,000 to $800,000 range, received six-figure bonuses while the companyVice Media's Los Angeles office building, photographed on May 15, 2023, the same day as its bankruptcy filing.
Semafor reports that the company was unable to pay severance for laid-off workers in April and May and that earlier this month, an HR representative for the company announced that July severance payments would also be delayed.According to the Vice Union, these delays have left former staffers unable to afford necessities like rent and medical care, forcing the union to set upon Twitter Tuesday morning in which it accused the company of “rampant mismanagement and corporate greed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast \u2013 NASDAQ 100 Index, GBP/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction. Get our weekly Forex forecast here:
Read more »
Instagram’s Threads surpasses 100 million usersBut will the users stick around?
Read more »
Meta's Threads races to 100 million users in under a week | EngadgetMeta made it super easy for people to sign up to its new app Threads through Instagram.
Read more »
Instagram's Threads has close to 100 million subscribers after launching five days agoInstagram's Twitter competitor Threads now has close to 100 million subscribers after launching five days ago.
Read more »
WTI Price Analysis: Retreats from over one-month top, bulls pause near 100-day SMAWestern Texas Intermediate (WTI) Crude Oil prices struggle to capitalize on the recent rise witnessed over the past two weeks or so and face rejection
Read more »
Bitcoin Shaky at $30K, PEPE Drops 7% Daily (Market Watch)COMP has soared the most from the top 100, surging by 10% in a day.
Read more »