LayoffBlog.com

February 4, 2009

THQ results miss Street view, to cut 600 jobs

According to Reuters: “THQ Inc (THQI) posted a quarterly loss as sales of video games fell more than expected, and the company warned results for the current quarter were likely to be “significantly” below what it had previously anticipated.”

The company plans to layoff 600 people (24% of workforce) in fiscal 2010 and cut spending by $220 million.

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