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More than 170 jobs axed at THQ - rumour

Wed 01 Feb 2012 10:12am GMT / 5:12am EST / 2:12am PST
BusinessPublishing

Vice president of tech Mark DeLoura included in recent redundancies

More than 170 staff have been cut from THQ in its most recent round of layoffs, including vice president of technology Mark DeLoura.

That's according to IGDA's Kevin Dent, who claims the company is about to detail the cuts in the same week it will reveal financial results for the third quarter.

Last week THQ said it was concentrating on the hardcore gaming audience in its latest bid to improve fortunes at the company. Over the past three years it has continued to shed staff, external development and franchises.

Dent is the same source who revealed THQ had canned one of its most recent Disney licenses before the company confirmed the move and has suggested that MMO Warhammer 40,000: Dark Millennium Online has been shelved due to cost issues.

Yesterday Nasdaq warned the publisher that it could face delisting if its share price doesn't improve. More information from THQ on its future vision is expected tomorrow.

4 Comments

Steven Pick
Lead Graphic Designer

70 14 0.2
Hope these rumours aren't true, although rumours in the industry turn to reality in a frightening way. I'm getting a lot of deja vu which I experienced while at Midway. Whatever happens, I wish THQ all the luck I can muster.

Edited 1 times. Last edit by Steven Pick on 1st February 2012 4:32pm

Posted:2 years ago

#1

Tin Katavic
Studying MSc-Games Technology

44 2 0.0
I am selfish and hope that THQ manages to come back. They are responible for some of my favorite games. Warhammer, Homeworld ...

Posted:2 years ago

#2

Greg Wilcox
Creator, Destroy All Fanboys!

1,992 898 0.5
As I've been saying.. it stinks, but it looks as if this is the beginning of the end unless someone steps in sand saves the company. I'm hoping their fortunes change, but if not, I hope we see all their remaining IP carry on elsewhere (and hopefully bring staff with them)...

Posted:2 years ago

#3

Craig Page
Programmer

380 216 0.6
I really enjoyed Saints Row and Conan.

Posted:2 years ago

#4

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