More Reviews
REVIEWS ONE PIECE Unlimited World Red Review
"Unlimited World Red"? More like "Sorta Limited Town and Extended Areas... Red. And Blue. And Some Yellow."

Magic 2015: Duels of the Planesw Review
Flirting with disaster year after year, Duels of the Planewalkers has unfortunately overplayed its hand.
More Previews
PREVIEWS Hand of Fate Preview
Dungeons & Dragons mixed with the Batman: Arkham series... wait, what?!
Release Dates
NEW RELEASES Sacred 3
Release date: 08/05/14

Hohokum
Release date: 08/12/14

Tales of Xillia 2
Release date: 08/19/14

Plants Vs. Zombies: Garden Warfare
Release date: 08/19/14


LATEST FEATURES Women in the World of Villainy: Achieving the 50/50 Split
We're getting more women in our video games narratives, but why do men still make up the majority of enemies?

The Four Remaining Halo 2 Multiplayer Maps That Deserve a Remake
The Master Chief Collection is getting a total of six remade multiplayer maps from Halo 2 and we know two of them already.
MOST POPULAR FEATURES Picking Your Gender: 5 Industry Professionals Discuss Queer Identity in Gaming
Women from Naughty Dog, ArenaNet, Harmonix, and Gamespot unite to talk about what they want from games in terms of diversity.
 
Coming Soon

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP Kakulukia
Why Sunset Overdrive Can Go Suck A Lemon
By Kakulukia
Posted on 07/14/14
Yesterday, while cleaning up my media center, I found my copy of Ratchet & Clank: Into The Nexus, which I bought sometime before Christmas last year. I had been pretty excited about this game pre-release, what with it being the first "traditional", albeit shorter than usual,...

GAMING NEWS

Report: 170+ Laid Off At THQ [UPDATED]

Posted on Wednesday, February 1 @ 14:52:00 Eastern by

[UPDATE]
According to an SEC filing, plans are in place to turn THQ around. This includes the elimination of up to 240 jobs and the pay cut of executives at the company to the tune of up to fifty percent:

On January 26, 2012, Company's management initiated a plan of restructuring in connection with the updated business strategy in order to appropriately adjust the Company's operating expenses to better align with the expected revenues under the updated strategy. The restructuring plan involves a realignment of the organizational structure resulting in reductions of up to 240 selling, general and administrative personnel worldwide. The majority of the restructuring plan is expected to be implemented by March 31, 2012, with the remainder completed by September 30, 2012.

CEO of THQ Brian J Farrell's salary will be cut 50%, from $718,500 to $359,250 for one year. Any lump pay tied to Farrell leaving or being fired without cause will be reduced by a third.

[ORIGINAL STORY]
There has been a whirlwind of rumors enveloping the financial illness at THQ and Independent Industry analyst Kevin Dent claims to know just how bad things are at the publisher of Warhammer, Saints Row, and more.

Via Twitter, Dent claimed:

This is probably going to break in the morning, I have sat on it for a week or so. The culling at THQ was 170+ souls including [VP of Tech] Mark DeLoura

A smart journalist would sent THQ's VP of Tech Mark DeLoura an email and see what the auto reply says

This rumor comes on the heals of a delisting threat to THQ on the Nasdaq stock exchange. Whether the report is true or not means little at this point. Things obviously aren't looking good for THQ in the middle of their rebranding and seachange from licensed IPs to hardcore games.

[Via]
Related Games:   Saints Row: The Third, WWE '12
Tags:   THQ, layoffs


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution