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

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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.

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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."

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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.

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

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THQ to announce 170 layoffs today - report [Eurogamer]