Report Comment to a Moderator Our Moderators review all comments for abusive and offensive language, and ensure comments are from Verified Users only.
Please report a comment only if you feel it requires our urgent attention.
I understand, report it. Cancel


THQ to cut 200 jobs

By James Lee

Wed 07 May 2008 8:02am GMT / 4:02am EDT / 1:02am PDT

CEO Colin Slade says cost cutting and restructuring are needed to recover from recently reported losses

THQ's president and CEO, Colin Slade, has confirmed that approximately 200 jobs will be cut following the publisher's announcement of poor fourth quarter and financial year results.

Speaking in an analyst conference call, Slade explained how they planned to restructure and cut costs as a reaction to the Q4 results, which saw the company report a net loss of USD 34.5 million, or USD 0.52 per share.

"In terms of the restructuring action in the near term we're probably going to be taking at about 200 headcount," Slade told analysts.

"However, over the course of the year, we do expect to see overall headcount growth from around 2,400 as we exit this fiscal year to under 2,700 at the end of next fiscal year," he added.

From Recommendations by Taboola

Login or register to post

Take part in the GamesIndustry community

Register now