IDW “goes dark” on the NYSE, lays off 39% of their staff
The Comics Contraction of ’23 continued today as IDW announced it is being delisted from the NYSE, making large changes in senior management and laying off 39% of its workforce as part of “cost cutting measures.”

The moves come after months of losses for the company in most business sectors, as reported in SEC filings. IDW stock opened at $0.82 cents but plunged to $0.47 as the announcement circulated.

Among the personnel changes: Davidi Jonas, the son of principal IDW owner Howard Jonas, is replacing Allan Grafman as CEO. CFO Brooke Feinstein is also out, and Amber Huerta has been promoted to COO.

While the PR did not specifically mention other layoffs among the 39% of the workforce laid off, The Beat has learned that the entire marketing and PR staff and half of editorial have been let go, including publisher Nachie Marsham. We are working to get names of remaining staff, and information on the fate of imprints such as Top Shelf, as well as details on the editorial reorganization.