GAMING NEWSReport: 170+ Laid Off At THQ [UPDATED]Posted on Wednesday, February 1 @ 14:52:00 Eastern by Daniel Bischoff
![]() [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: 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 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] More from the Game Revolution Network Comments
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Chunibrow
Joined: Mar 2010
sliverstorm
Joined: Jun 2007
Basically, THQ is a publisher with some good, top 100-selling IPs like Saint's Row and Darksiders and some good, top 100 licenses like WWE and UFC. What they don't have is the capital or the clout to make a push into hardware, and they've learned that the hardest way possible. If they just pare back their operations and focus on putting out quality, well-marketed games (instead of, say, overworking a ten-year old franchise and then dropping it into an icy river like a sack of mewling kittens), they'll make a fine merger target in 3-5 years. Especially if they can get longer-term contracts with WWE and UFC.
danielrbischoff
Joined: Nov 2009
Chunibrow
Joined: Mar 2010