Two of the biggest outlets successful games media are the latest to look layoffs. A fig of editorial unit crossed some Giant Bomb and GameSpot revealed they’d been fto spell connected Thursday, conscionable months aft the sites were purchased by the Fandom wiki network.
While it’s not wide what the grade of the cuts are astatine the moment, adjacent to fractional a twelve editors, video producers, and on-air endowment shared tweets confirming they were portion of the layoffs. Previously owned by Viacom CBS, Giant Bomb and GameSpot were some sold to Red Ventures successful 2020, which past turned astir and sold them again to Fandom past October.
“We’re thrilled to adhd these powerful, authoritative brands into the Fandom platform, which volition grow our concern capabilities and supply immersive contented for our partners, advertisers and fans,” Fandom CEO Perkins Miller said astatine the time. Fandom, whose concern exemplary revolves astir plastering ads implicit free, user-generated content, is itself owned by backstage equity steadfast TPG Capital.
Fandom did not instantly respond to a petition for comment.
Giant Bomb successful peculiar has faced a fig of shakeups recently. Co-founder Jeff Gerstmann near past summertime to commencement a solo Patreon-funded podcast and erstwhile co-host Dan Ryckert returned to instrumentality his spot. Since then, the amusement has expanded its roster and included much crossover with GameSpot talent. Jess “Voidburger” O’Brien, who became a full-time Giant Bomb subordinate successful 2021, was 1 of the radical laid disconnected today.
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The latest gaming media cuts travel conscionable a period after IGN faced its ain astonishment layoffs arsenic its squad was preparing to screen the 2022 Game Awards. Before that, Comcast shutdown its precocious revived gaming web G4, Tencent gutted the unit astatine Fanbyte, and different sites similar Game Informer, Polygon, and TechRadar chopped unit numbers, too.
While the layoffs travel astatine a clip erstwhile companies from Microsoft to Amazon are reducing staff and advertisers are slashing budgets up of a recession manufactured by the Federal Reserve, not everyone is feeling pain. The CEO of IGN’s genitor company, Vivek Shah, made astir $16 million successful 2021. TPG CEO Jon Winkelried, meanwhile, earned over $80 million that aforesaid year, successful summation to the hundreds of millions helium raked successful during his decades agelong vocation astatine Goldman Sachs.