In-game ad firm IGA Worldwide lays off nearly a third of its employees

IGA Worldwide, a once-promising in-game advertising firm, has laid off an unspecified number of employees, VentureBeat has learned.

The New York-based company cut about seven of its 22 employees, according to two sources, who requested anonymity. The layoffs suggest that all is not well with the in-game ad business that focuses on PC games and consoles.

Justin Townsend, co-founder of IGA Worldwide, said in an email that the “one-third layoffs” was incorrect. But he declined … Continue Reading