Funko, Inc. is cutting 12-13% of its workforce, around 180 to 200 employees, the company said in an SEC filing. The move is being made as one part of Funko’s efforts "to re-balance its cost structure into prioritized areas," the filing said. The company anticipates savings of $20 to $22 million per year from the cuts, which will cost $2.4 to $2.8 million in severance and related costs.
The layoffs are the first visible change since Brian Mariotti left and was replaced as CEO by Michael Lunsford earlier this month (see "Funko CEO Out"). Funko lost $61.1 million in its first quarter.

Some 12-13% of Workforce
Posted by Milton Griepp on July 31, 2023 @ 3:30 am CT

MORE COMICS
From Oni Press
June 27, 2025
Check out the preview for The Sixth Gun: Battle for the Six #1 – Cullen Bunn & Brian Hurtt's long-awaited anniversary reunion begins on July 23.
Oversized Hardcovers with Unflipped Art
June 27, 2025
The deluxe hardcovers will feature a larger trim size and, unlike previous editions, the art will be presented in the original right to left format.
MORE NEWS
In Upcoming 'Secret Lair' Superdrop
June 27, 2025
Wizards of the Coast announced Secret x Sonic Superdrop, a new drop set release for Magic: The Gathering, which will hit DTC preorder.
ICv2 Has an Exclusive Look at the Character Designs
June 27, 2025
ICv2 has an exclusive look at the designs for two key characters.