ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Laid-off employees shut down liberal outlet’s digital town hall meeting by flooding it with thumbs down emojis

Disgruntled Vice Media employees shut down a company digital town hall meeting on Wednesday by flooding its chat with thumbs down emojis, according to a report.

Liberal news outlet Vice Media shut down its virtual town hall meeting early on Wednesday after several disgruntled laid-off employees flooded the chat with thumbs down emojis.

The incident was recounted in CNN's "Reliable Sources" newsletter, stating that the thumbs down emojis "became too much to ignore, flooding the screen for all to see," while Vice Media executives spoke.

The report detailed how laid-off employees invited to the meeting were the culprits behind the stunt, which resulted in the meeting being "ultimately scrapped."

MSNBC SEGMENT CALLING WHITE RURAL VOTERS 'MOST RACIST' IN THE COUNTRY RAISES EYEBROWS

Their sign of protest happened after Vice Media CEO Bruce Dixon announced last week that the company would lay off several hundred employees and shut down its news site. 

This announcement followed the company filing for Chapter 11 bankruptcy last year and being sold for $350 million to the Fortress Investment Group. 

In a memo announcing the layoffs, Dixon stated, "After careful consideration and discussion with the board, we have decided to make some fundamental changes to our strategic vision at Vice. It is no longer cost-effective for us to distribute our digital content the way we have done previously."

He declared that Vice would partner with other media groups to distribute its content and "fully transition to a studio model."

"As part of this shift, we will no longer publish content on vice.com," Dixon said, noting that the company will be "eliminating several hundred positions."

"I know that saying goodbye to our valued colleagues is difficult and feels overwhelming, but this is the best path forward for Vice as we position the company for long-term creative and financial success."

POLITICO REPORTER APOLOGIZES FOR 'CLUMSY WORDS' ABOUT 'CHRISTIAN NATIONALISTS': 'I FELL SHORT'

Dixon described the scene at the town hall this week, saying it was "impossible to ignore the emojis."

The reactions flooded into the chat as company executives spoke, with CNN noting their flow peaked as chief operating officer Cory Haik talked about the company’s future.

Dixon stated that they would find another way to get their information to employees.

A Vice Media spokesperson told CNN, "It is unfortunate that employees remaining with the organization who greatly want to contribute to its success were sabotaged by a few bad actors."

"We understand that emotions are running high after such a significant change to the company and will continue to communicate. Our strategic vision moving forward is the right one for Vice," they added. 

Vice Media is one of several liberal media outlets that have either shut down or executed mass layoffs in recent months. Last year, BuzzFeed shut down its news department, BuzzFeed News, announcing that 15% percent of the company’s staff was going along with it. 

Vice Media did not immediately reply to Fox News Digital’s request for comment. 

Fox News Digital's Brian Flood contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.