Given PPP and other covid unemployment funding programs, %5 of staff seems like an opportunistic easy win to churn out the expensive and/or older staff, with th

Given PPP and other covid unemployment funding programs, %5 of staff seems like an opportunistic easy win to churn out the expensive and/or older staff, with the option of picking up new cheaper staff in this buyers market for talent. The demographics of the layoff would be interesting. The sympathetic tone of that CEO letter is the insult to injury for them. I know large chain retailers who have laid off all retail staff and only kept operations, marketing and digital, so this doesn't register as a big story. That something to do with Vice isn't really news is perhaps par for the course, but as the shutdown progresses, there could be waves of layoffs like this to show a bump in their Q3 results.