With their main headquarters in San Francisco, VIZ Media a large manga publishing, animation and entertainment company released this update.
Viz Media is in the process of refining its focus and is restructuring to adjust to changing industry and financial market realities.
As part of the restructuring the company had to refine its workforce by eliminating certain positions and making cuts in other areas.
We are of course saddened by these departures, and sincerely appreciate the hard work, passion and dedication of those that have moved on, but we feel confident that with these changes Viz Media will be more streamlined and able to withstand the climate of the economy at this time.
This restructuring was not insignificant; however, this was primarily an internal reprioritization to build toward our future. We wish to apologize to our wonderful fans if this news has caused you concern. Be assured Viz Media remains committed in its obligations to you. We have no plans at this time for drastic measures such as product cancellations or business line closures. Your favorite series are not going away.
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