As reported on Polygon,
IGN the gaming media and news site and Electronic Arts have both announced lay offs.
Effective immediately IGN has let go an unspecified number of editorial employees. Along with this the have shut down 1up.com, GameSpy.com and UGO.com.
EA has laid off employees in Los Angeles and Montreal citing a need for “console transition” and there are now confirmed reports that Visceral Games has been shut down entirely.
Confirmed by lots of sources. EA Montreal / Visceral Games Mtl shutting down, effective immediately. Much <3 your way my friends.
— Stephanie Harvey (@missharvey) February 21, 2013
Our best wished to all the former employees who have been affected.