THQ announce another wave of layoffs

by Stephen Heller Featured 5 Comments 20 Votes 1904 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

Most anticipated game of March

Most anticipated game of March

4 days ago Polls 4 5
Game dev's plea to reunite a divided culture

Game dev's plea to reunite a divided culture

Tano 3 days News 2 5
Big games of March: Battlefield Hardline, Resident Evil, Bloodborne

Big games of March: Battlefield Hardline, Resident Evil, Bloodborne

Tano 4 days Articles 11 5
Ideological bigotry won’t make popular culture more inclusive

Ideological bigotry won’t make popular culture more inclusive

Tano 6 days Articles 5 4
Friendly Fire Show 85: Plastic guitar peripherals

Friendly Fire Show 85: Plastic guitar peripherals

Podcast 6 days Articles 0 2
Award rejects Supanova's sponsorship over Baldwin

Award rejects Supanova's sponsorship over Baldwin

Gryllis 20/02 News 4 6
What are your favourite third-person shooters?

What are your favourite third-person shooters?

Tano 19/02 Articles 10 11
Friendly Fire Show 84: Political hogwash + Alien

Friendly Fire Show 84: Political hogwash + Alien

Podcast 17/02 Articles 0 3
Bayonetta 2 director hints at sequel or spin-off

Bayonetta 2 director hints at sequel or spin-off

Tano 16/02 News 2 3

Community Content

Work Experience at The MMGN Office

Work Experience at The MMGN Office

12/01/2015 Blog 10 0

MMGN Updates

Status
Updating..
Username

kangle4, thing13 commented on Win a PROJECT ALMANAC prize pack including cinema tickets!

kangle4 15 hours ago
Username

tristardri shared a story - Tristar Driving Don't Text and Drive Infographic

tristardri 2 days ago
Username

tristardri is now Level 3!

tristardri 2 days ago
Username

commented on Yetis are invading Far Cry 4 next month

coffinrona 2 days ago
Username

Mtlgrlkatt is now Level 2!

Mtlgrlkatt 2 days ago