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IGN to reduce in size; staff lay-offs reported across company

Despite audience growth, dwindling economy has forced move, says IGN president

Online media site IGN is to lay off staff in every area of the company, according to a leaked internal memo from IGN president Roy Bahat.

The memo says the move is a cost reducing exercise. "While we've been doing well we're still feeling the effects of the economy," it reads.

It adds that job losses will be felt in every part part of the company, despite the company's audience growth of 40 per cent last year.

"Today's a hard day at IGN. We've had to reduce the size of our organisation and are eliminating roles today in every part of the company. We are making every effort to be compassionate and fair to the people whose roles we've eliminated," reads the memo, published by Joystiq.

"We're doing this to reduce costs. While we've been doing well - we're profitable and our audience continues to grow - we're still feeling the effects of the economy, and we need to make sure we can invest where there is opportunity. Over the past couple of years, we have been focusing IGN on areas where we can not only grow, but be best in the world: serving gamers online, and serving advertisers looking to reach men. To do that successfully, we have to be as efficient as possible in our core businesses. The difficult actions we're taking today get us to where we need to be.

"We are losing colleagues who played an important role getting us to where we are - #1 in games and men's lifestyle, and growing 40 per cent over last year in the total size of our audience. We are deeply grateful to our colleagues for everything they've done. We as a company are absolutely headed in the right direction, and while today will be hard, it won't stop us."

The number of staff to be affected by the move from the News Corporation-owned company is still to be confirmed.

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Latest comments (5)

Ronny Terhuerne Admin, Podcaster 9 years ago
This is just Bollocks. Laying off Staff while gaining 40% in readers is just ridiculous and they might just loose out in the end.
Every ign reader i know tends to feel a personal touch in the things they do, especially when those readers are listeners of their podcasts, as well.
Laying off key staff in those areas will be hart felt by their fans and will possibly result in loss of readers and subscribers.
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Kevin Clark-Patterson Lecturer in Games Development, Lancaster and Morecambe College9 years ago
It depends on how many staff and more inportantly, what staff which are 'eliminated'! How harsh is that!

Employer: Hi, sit down.
Employee: Thanks.
Employer: Your eliminated! I need your clothes, your boots and your motorcycle...

On a more serious note, the company is doing well, and are profitable so its probably more a case of trimming the 'fat' and being more streamlined which a lot of companies in the recession have done.

Good luck to those involved or affected :)
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Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.9 years ago
I recall when News Corp bought IGN that it was revealed that in the entire history of the network they never once had a single profitable quarter. I can't help but wonder if that unfortunate financial streak has continued.
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Michael Tegos Editor, Official PlayStation Magazine Greece, Attica Media9 years ago
What a sad state of affairs. Especially coming from such a leading presence in the field - commercially, at least. Granted, journalist isn't the most secure job in the world, but when this happens to someone working at IGN, it makes you wonder about the smaller guys out there. Best of luck to the people looking for work.
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Greg Wilcox Creator, Destroy All Fanboys! 9 years ago
Feh. News Corp (or Crap, as it's called by a few here). cares not a whit about video games, period. I've been at press events where Fox News crews showed up looking for M-rated games they could shoot footage of just to to have their overpaid news readers rant about them later on their so-called "news" channel.
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