VIZ Media Restructures, Lays Off

Topic started by gia on Feb. 23, 2009. Last post by gia 6 years, 1 month ago.
Post by gia (3,032 posts) See mini bio Level 13

I promise I'll stop doing these now.
I promise I'll stop doing these now.
Although ANN managed to get some info on VIZ's latest move-- a vague “restructuring” and laying off of an unknown number of employees –credit for breaking the story belongs to, of all things, a twitterer: themediaisdying, which appears to be nothing but a collection of media closures, layoffs, and other such occurrences. They actually reported that VIZ was laying people off on February 20, but of course no confirmation was to be had until now.

Unfortunately, even now there's not a lot of information. Here's what VIZ CEO Hidemi Fukuhara offers:

"Viz Media is in the process of refining its focus and is restructuring to adjust to changing industry and financial market realities. VIZ feels confident that with these changes, the company will be more streamlined to face the current economic climate."

Very unspecific, but VIZ isn't usually one to air its laundry publicly. Regrets to those who are laid off, and let's hope that this ensure that VIZ will weather the current storms.

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