Oh, sure, it was the poorly paid low level employees that bankrupted the company. It's not like they could be replaced with other poorly paid employees. We can always rely on thefp to come up with the most ridiculous explanation of current (or not so current) events.
The beginning of the end came in 2017.
[…]
The walls of Vice’s sprawling Brooklyn headquarters were lined with magazine covers charting the company’s transformation from insouciant Canadian post-punk magazine to money-printing media colossus. In early 2018, long before college students discovered that dispatching problematic statues into canals would be reliably met with institutional approval, a group of employees demanded that the covers be removed from the walls.
Not a specific cover. All of them.