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THQ to Cut 600 Staff

Edge writes: "Agoura Hills, Calif.-based publisher THQ announced Wednesday that it would be cutting 24 percent of its workforce, or around 600 employees, as the company aims for profitability in the next fiscal year. The publisher now expects to reduce planned fiscal 2010 spending by $220 million in total.

Net loss for the third quarter ended December 31 mounted to $191.8 million, including a non-cash charge of $118.1 million related to goodwill impairment. That's compared to net income of $15.5 million for the same period a year ago."

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SinnedNogara3307d ago

SAD...but MOST THQ games suck anyway.