THQ sheds 250 staff as losses climb to $115 million

**MIG-31** · Nov 6, 2008, 04:31 PM

Saints Row publisher THQ has reported losses for the second quarter of USD 115.3 million, a massive increase over the USD 7 million it lost for the same period last year.

As a result, and in line with a new initiative from the company, THQ has confirmed plans to close five studios, cancel a number of titles in development and lay off approximately 250 staff, or 17 per cent of its development workforce.
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Source: Gamesindustry

Nov 6, 2008, 04:31 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	THQ sheds 250 staff as losses climb to $115 million Saints Row publisher THQ has reported losses for the second quarter of USD 115.3 million, a massive increase over the USD 7 million it lost for the same period last year. As a result, and in line with a new initiative from the company, THQ has confirmed plans to close five studios, cancel a number of titles in development and lay off approximately 250 staff, or 17 per cent of its development workforce. _____________ Source: Gamesindustry __________________ Please Post Your News Submissions Here