IGN Laying Off Staff

[Xantar]

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.

Source: GamesIndustry.biz (apparently Joystiq also has a story on this

I'm not sure how smart it is to lay off people while you're growing, but then again, I'm not a businessman. All I can say is this ought to be huge since IGN is the leading videogame website on the internet. And yet, all I think about this is: "Meh."