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Report: THQ REALLY in Trouble, Sacking 170+ People [Update]

Illustration for article titled Report: THQ REALLY in Trouble, Sacking 170+ People [Update]

Looks like things are going from bad to really bad to awful for publisher THQ, with an industry man reporting - not speculating, but straight-out reporting - that the company is about to sack over 170 employees.


[Update 5:30 p.m.] A filing with the Securities and Exchange Commission late today said that as many as 240 employees have been dismissed and an executive pay cut implemented.


The word comes from independent industry exec Kevin Dent, who took to Twitter to write "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 [THQ's vice president of technology] Mark DeLoura."

If this is indeed the case, it caps off a fairly awful week for the publisher, who has faced rumours of studio closures and been threatened with being booted off the Nasdaq stock exchange.

Kotaku is following up with THQ and will update this story should the company comment.


THQ to announce 170 layoffs today - report [Eurogamer]

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Yay for executives completely destroying a profitable and good company!

Seriously, the executives should all be canned, penalized, and never allowed to hold another position of authority again. It's pretty shameful how poorly they've managed the company over the years.