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Viz Media Restructures, Lays Off Employees
Viz Media is currently undergoing a corporate restructuring. Through the process, Viz hopes to streamline its focus to adjust to the changing marketplace.
The restructuring process has resulted in a number of layoffs, which were administered on Friday. Viz is the latest in a line of downsizing, with TOKYOPOP having laid off a number of employees in 2008, Broccoli closing down Broccoli International USA in December, and ADV downsizing its manga division in 2005.