Report: News Corp.'s IGN to Cut Staff

Yesterday, video-game blog Joystiq published a memo from Roy Bahat, president of News Corp. video-game publisher IGN, warning of company-wide layoffs. Here’s an excerpt from the memo:

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.

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