IDW Media Holdings, the parent company of IDW Publishing, announced “significant moves in response to operational challenges,” including the elimination of 39 percent of its workforce.
Their 8-K statement to the Securities and Exchange Commission states that 28 employees were laid off yesterday. “The Board has elected to take these actions to preserve capital and put the Company in a better position possible to unlock value from its assets, including its intellectual property and ability to generate new intellectual property,” it states.
According to a report at The Beat, “the entire marketing and PR staff and half of editorial have been let go, including publisher Nachie Marsham,” who joined the company in 2020 after longtime IDW employees Chris Ryall, Dirk Wood and Alex Cox all left the company. IDW built a solid bench of editorial pros after those changes, and it’s really disheartening to hear that they’re having to go through this.
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