THQ lays off publishing and admin staff
Another round of redundancies at publisher but internal development studios safe for now
Publisher THQ is in the process of laying off more staff as it continues efforts to cut costs to a minimum.
According to the company it is culling multiple roles across its publishing and administration business although its five internal studios are not affected at this stage.
"THQ confirms a reduction in force to the company's administration and publishing organisation," said the company in a statement given to Game Informer. "The streamlined organisation reflects the company's new strategy. THQ's five internal studios were not affected by this action."
Yesterday the publisher reconfirmed its commitment to the core games business and dropped the focus on games aimed at younger audiences.
The company has not revealed how many roles are affected by the latest round of redundancies but numbers are thought to be significant. A further update is due following financial results on February 2 when sales are expected to be down to between $510 million and $550 million for the latest quarter.
The news comes in the same week that an alleged ex-employee wrote an open letter to the THQ board calling for senior management to be fired.
Last December the company let developers on its U-Draw project go after disappointing sales of the gadget and shut down three dev teams at a cost of 200 jobs. Kaos and THQ Digital in Warrington were also shuttered earlier in the year.
Rumours suggest that the company is also looking to offload its long-in-development Warhammer 40,000 MMO and is possibly seeking a sale to save the business.
Boxed console publishing is in terminal decline unless you own blockbuster brands. Simple as.
Posted:A year ago