Within a month I was on a flight to Iraq." Vice reporter Hind Hassan, who embedded with the Taliban ahead of the fall of Afghanistan, tweeted on Friday: "I joined Vice in 2016 after begging other news orgs I'd worked for to let me report on international news. Separately, some staff have taken to Twitter to share support for Vice's news operations, which won eight news Emmy awards last year under EVP Subrata De, the company's global head of programming and documentary. "Shane's back!"Ī second Vice insider said: "Hundreds of people lose their jobs and Shane gets his back? The main concern is, what the hell does the bankruptcy mean?" This person added, "If they file and then sell, do we forfeit severance?" One Vice insider, on seeing the Journal article, said staff were stunned that Smith could be returning after a period of being largely absent to many at the company. Vice co-founder and executive chairman Shane Smith would have an advisory role at the venture post-bankruptcy, a person close to talks confirmed to Insider. The Wall Street Journal reported on Friday that Fortress, the distressed debt player, and Soros Fund Management are poised to acquire the company unless another offer emerges. The issues at Vice come as the WGAE and its sibling in the West have gone on strike against the Hollywood studios over pay and practices for TV writers. In the event of a bankruptcy, the Union will continue to zealously advocate for members and will be a creditor in bankruptcy court if the company ceases to meet its contractual obligations." The WGAE told Insider in a statement: "The Union is monitoring the situation closely, and in the meantime is ensuring that the CBA is enforced, and members are receiving everything owed under the contract. The Writers Guild of America East, which represents the Vice Union, is involved in conversations about how staff will be protected and paid for their work. Some laid-off staff have been promised four more paychecks for eight more weeks of work. Some of the people who were recently terminated have been messaging one another trying to figure out how to protect their interests as the company is expected to enter a chapter 11 bankruptcy, which would wipe out Vice's debts. Dubuc was succeeded in February by two executives named co-CEO: Hozefa Lokhandwala and Bruce Dixon. The cuts follow previous rounds of layoffs and the departures earlier this year of CEO Nancy Dubuc and Jesse Angelo, global president of news and entertainment. The company also cut dozens of news journalists, according to Deadline. Last month Vice said it was axing "Vice News Tonight," which once aired on HBO but shifted in 2019 to Vice's own cable channel, Vice TV. Vice's remaining staff are concerned about how they will continue to be paid - and those who were affected by recent layoffs are wondering what's happening to their severance - as the company, once an invincible youth media juggernaut, hurtles toward bankruptcy proceedings. Vice has cut dozens of staff along with canceling its cable show "Vice News Tonight.".The WGA East represents the Vice Union and said it will work to ensure members receive "everything owed.".Vice is expected to file for bankruptcy, and some staffers fear salary or severance payments could be affected.Account icon An icon in the shape of a person's head and shoulders.
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