Getty ImagesVice Media plans to cut hundreds of jobs as it stops publishing on Vice.com, according to a memo from chief executive Bruce Dixon.
In May, the firm filed for bankruptcy in the US and was bought by Fortress Investment Group.
Mr Dixon said Vice plans to “partner with established media companies to distribute our digital content”.
Mr Dixon said “it is no longer cost-effective for us to distribute our digital content the way we have done previously,” in the memo seen by the BBC.
“Regrettably, this means that we will be reducing our workforce, eliminating several hundred positions,” he said.
The company continues to sell the business, according to Mr Dixon who said the announcement will be made in the coming weeks.
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