NEW: Nancy Dubuc is leaving Vice Media after five years as CEO, she told staffers Friday in an email obtained by Axios.
: In her email, Dubuc said she was "proud to leave a Vice better than the one I joined."
"Together we racked up incredible wins while tackling unprecedented macroeconomic headwinds caused by the pandemic, the war in the Ukraine, and the economy all which forced us to pivot, refocus and pivot again," she said. "We reduced overhead by half and yet improved the quality of our revenues through both increased profitability and growth of returning revenues," she wrote. "As we face new headwinds in the marketplace Vice is now less ad dependent, and our gross margins have more than doubled."Many companies are turning down buyout offers, hoping they can wait out the economic slowdown by raising money and implementing cost-cutting measures.
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