Leisure firm Fandom has laid off an unspecified variety of workers throughout a number of properties together with Big Bomb, GameSpot and Metacritic. These properties are primarily targeted on publishing content material round gaming and TV exhibits.
In response to a report by Selection, the corporate employs round 500 individuals, and the layoffs have affected roughly 10% of its workers throughout totally different websites. Workers had been caught off-guard by this shock announcement made by CEO Perkins Miller throughout an all-hands assembly, as per Kotaku.
The job cuts come months after Fandom acquired a number of manufacturers — Comedian Vine, Twine Cutters Information, GameFAQs, GameSpot, Big Bomb, Metacritic, and TV Information — from Purple Ventures in October. Sources instructed TechCrunch at the moment that the dimensions of the deal was round $55 million.
Through the acquisition announcement, Fandom stated that this deal will assist the corporate “super-serve” its promoting companions and supply gasoline for its knowledge platform and gaming e-commerce verticals. Fandom was based in 2004 by Wikipedia co-founder Jimmy Wales and entrepreneur Angela Beesley
Some people like GameSpot leisure editor Mat Elfring, video producer Jess O’Brien aka “Voidburger”, and graphic designer Justin Vachon tweeted about irritating layoffs.
We now have reached out to Fandom for a remark, and we are going to replace the story if we hear again.
A number of gaming and leisure media retailers have confronted layoffs in the previous couple of months. Some IGN staffers had been impacted final month whereas Polygon workers had been axed as part of Vox job cuts in July.