It was a month-long flare for the comics industry, and IDW confirmed that there were a handful of layoffs. A statement was sent to Beat:
“Idw has made a difficult decision to reduce staff as part of a continuous effort to rationalize the operation. We thank the affected people, and they are in their future. I hope you are the best in your efforts.”
However, the IDW staff was much smaller, and only two staff members were fired in this round. It is said that IDW Entertainment, which is a department to supervise IDW’s media production, was effectively closed because the remaining employees were fired. IDW Publishing is another department of parent company IDW Media Holdings.
IDW received a revenue call on Monday. There, CEO Davidi Jonas stated that there was no concern about IDW’s Solvency in the wake of diamond bankruptcy, and the company will survive. The report showed that operating losses were significantly reduced, but not an increase in revenue, but a decrease in operating expenses.
Idwe had only $ 1,000 in FY2024 and had only 91,000 profits, so closing it would not have been so difficult. The division was significantly expanded during the period when IDW was trying to co-acquire its own media development. The strategy seemed to be working for a while, but after the Cult Hit’s Winona Professional season, the division became a conventional license section because IDW could not raise funds to raise funds.
IDW has performed several layoffs several times in the last two years, and installed Jonas on the CEO when the reorganization process was started.
Update: This story was updated to reflect that in total only two staff members were fired.
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