THQ announce another wave of layoffs

by Stephen Heller Featured 5 Comments 20 Votes 1806 Views 27/01/2012 Back to News
  • THQ starts another wave of layoffs
  • Stresses that recent layoffs won't affect their internal studios
  • Focusing on core game franchises and developing its digital initiatives

THQ have fallen on hard times lately; after canceling their entire 2013 - 2014 lineup, minus their internal studio productions, and looking for prospective investment in the Asia region, they have just commenced another wave of layoffs today. THQ have not confirmed how many people have lost their jobs, but they made a point of stressing that the layoffs would not affect its five internal studions: THQ San Diego, Relic, Volition, Vigil and THQ Montreal.

The official word from THQ - they are getting out of the kids' gaming sector.

As recently announced, the company is exiting the kids' licensed games category, and is focusing on its core game franchises and developing its digital initiatives. The company will provide greater financial detail regarding the costs and organizational benefit on its third quarter 2012 conference call scheduled for Thursday, February 2, 2012." THQ

One thing is for certain - things aren't looking too good for THQ right now.

Link to us http://wii.mmgn.com/News/THQ-announce-another-wave-of-layoffs
Tags: gaming Layoffs THQ
Vote for this article Log in with Facebook

THQ announce another wave of layoffs Comments

Leave a comment Log in with Facebook

THQ have fallen on hard times lately; after canceling their entire 2013 - 2014 lineup



Umm...

kotaku.com/...
Minus the 5 internal studios, the rest have been cut. Article has been updated to reflect this.
[Facepalm] I'm starting to lose faith in this Industry again.
De Blob is not a kids game you evil tits [Rage] :'@
This isnt good for Aus! :'@

Post a comment

Leave a comment Log in with Facebook

Recently Read

Featured Wii Content

Favourite 2014 game so far?

Favourite 2014 game so far?

19/06/2014 Polls 23 38
Resident Evil Remake looks so much better in HD

Resident Evil Remake looks so much better in HD

Gryllis 16 hours News 13 5
PlayStation still PornHub king

PlayStation still PornHub king

Tano 1 day News 12 8
Super Mario creator hits out at 'passive' gamers

Super Mario creator hits out at 'passive' gamers

Tano 1 day News 3 3
The console MMO: Destiny, and those before it

The console MMO: Destiny, and those before it

Tano 3 days Articles 3 14
Women are now a larger gamer demographic than teenage boys

Women are now a larger gamer demographic than teenage boys

Tano 4 days News 8 9
Friendly Fire Show 66: Gamescom 2014

Friendly Fire Show 66: Gamescom 2014

Podcast 4 days Articles 0 12
Watch Pierce Brosnan play N64 GoldenEye 007

Watch Pierce Brosnan play N64 GoldenEye 007

Gryllis 20/08 News 10 20
Nintendo gamers don't buy Assassin's Creed - Ubisoft

Nintendo gamers don't buy Assassin's Creed - Ubisoft

Tano 20/08 News 2 6

Community Content

Awesome Gaming Stuff of Tomorrow, Today!

Awesome Gaming Stuff of Tomorrow, Today!

01/08/2014 Blog 5 0

MMGN Updates

Status
Updating..
Username

Daniel369 got Fracture, Prince of Persia, BlazBlue: Calamity Trigger, The Elder Scrolls V: Skyrim and other 25 games

Daniel369 19 mins ago