IDW layoffs confirmed this week

However, with IDW’s smaller staff, only two employees were fired this round. We were told that IDW Entertainment, the department that oversees IDW’s media production, has been effectively shut down because the last remaining employee has been fired. IDW Publishing, another division of parent company IDW Media Holdings, remains in place.

IDW just received a revenue call on Monday, and CEO Davidi Jonas said that after the diamond went bankrupt, the company would survive. The report shows that operating losses have dropped significantly, but revenue has not increased, but operating expenses have dropped.

IDWE had revenues of only $91,000 and revenues of only $1,000 in fiscal 2024, so closing it wasn’t a difficult decision. The department expanded significantly during a period when IDW tried to jointly acquire its own media development. The strategy seems to have worked for a while, but after a hot season of cults, the department was postponed when IDW was unable to raise funds to fund it, and the department became more of a traditional licensing department.

IDW has gone through several rounds of layoffs over the past two years, and when the restructuring process began, Jonas served as CEO.