Report: News Corp.’s IGN to Cut Staff

ign03172010.pngYesterday, 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. 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.

IGN operates an assortment of video game-centered sites, including IGN.com, GameSpy and TeamXBox. It also runs AskMen.com.

(h/t Tech Trader Daily)