THQ Cutting 200

May 8, 2008

thq Following posting of huge losses, publisher THQ is reported to be cutting 200 employees across several of its studios. This comes from MCV, who reports that company CEO Brian Farrell was noted to have said that the administration plans to reduce the size of studios focused on last-generation development, noting that it is part of their restructuring, which the company expects will add 300 more to their workforce by the end of its next fiscal year.

As reported earlier, the company posted a net loss of $35 million at a conference call. This was attributed to their underwhelming fourth quarter performance.

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Written by Rajiv Ashrafi | Filed Under Business, News, PC

THQ Cutting 200

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