Layoffs at IGN

Less than a month after Ziff Davis parent company J2 Global purchased IGN from News Corp., the company is seeing layoffs. A company spokesperson confirmed with Joystiq today that in addition to editorial layoffs at IGN, sites including 1UP, UGO, and Gamespy will be closed.

"We are focusing on our two flagship brands, IGN and AskMen," the company said. "Unfortunately, as a result, we have made the decision to close sites and restructure our teams accordingly."

Terms of J2 Global's acquisition of IGN this month were not specified, though a prior report suggested J2 Global scored a deal on the gaming unit, paying "considerably" less than the $650 million News Corp. purchased the company for in 2005.