|THQ confirms 240 personnel layoffs|
|Posted: 02.02.2012 04:00 by JonahFalcon||Comments: 4|
Asa few days ago, THQ has laid off 240 individuals from the company, though none from any development houses. The figure is higher than the that was speculated earlier in the day.
All of the firings came from administrative departments, as expected. CEO Brian Farrell himself accepted a 50% pay cut, from $718,500 to $359,250, for a one-year period beginning 13th February.
THQ also announced it would be restructuring the company starting on the 31st March.
There had been in early January suggesting that the company had cancelled its 2014 line-up along with Warhammer 40,000: Dark Millennium Online, which the publisher denied.
Internal development studios Vigil, Volition, Relic, THQ San Diego, and THQ Montreal were unaffected by the layoffs, but if THQ continues to lose money, that may change.