Marvel Comics just announced the lay-off of 11 employees as part of their cost-cutting initiative. This comes behind the company leaving 5 editorial vacancies open for over a year, and not replacing their COO Jim Sokolowsi who was pinked slipped a few weeks ago.
While Marvel’s movies are doing great, their print comics sales are sagging. They announced they will also be cutting the Iron Man 2.0, All-Winners Squad, and Alpha Flight series. Cutting the Alpha-Flight Series is odd since it is one of Marvel’s bestselling comics and was recently developed into a series.
Let’s hope Marvel is able to withstand the current economy and a super-hero arrives to save the iconic publisher.