Vice Media plans to lay off 10 percent of its staff, or approximately 250 people, according to a Friday report from The Hollywood Reporter. A company spokesperson told the outlet that Vice plans to reorganize around the more profitable segments of the company, including film production, television production, and branded content. "Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks," CEO Nancy Dubuc wrote in a Friday staff memo obtained by The Hollywood Reporter. "We will make Vice the best manifestation of itself and cement its place long into the future." Many of the employees who will be laid off are expected to learn their fate today, although more cuts are expected in the coming weeks. All U.S.-based employees will get 10 weeks of severance and medical benefits, and will receive any additional unused paid time off. The cuts come just a week after massive layoffs shook the industry and left many talented journalists out of work, including a round of layoffs at BuzzFeed that cut 15 percent of the organization's workforce.