Joystiq is reporting that IGN is preparing to lay off staff today, citing an internal company memo from IGN president Roy Bahat that found its way to the news outlet. In it, Bahat warns that IGN is preparing to make cuts in every part of the company, though no specific figure is given. Bahat states that while IGN is doing well, including seeing 40 percent gain in audience since last year to become the number one men’s lifestyle site, it’s still feeling the effects of the economy. Read more at Joystiq.